Price: $35.16
Dark Pools provides a riveting narrative of the clandestine battles that shape the global stock market, illustrating the rise of “bots.” These artificially intelligent systems conduct trades in mere milliseconds, using the shroud of secrecy to outsmart the humans who engineered them. The story begins with Josh Levine, a visionary programming whiz who aspired to reclaim market control from the large exchanges repeatedly giving colossal institutions an edge over the small trader.
Levine constructed a computerized trading hub, Island, where small traders exchanged stocks. Over time, this invention transformed into a worldwide electronic stock market, channeling trillions in capital through an intricate network of fiber-optic cables.
However, the market Levine aimed to mend had turned on its head, spawning covert exchanges known as dark pools and a new breed of trading machines that could think. Alarmingly, these machines appeared to be eluding the control of their human creators.
Dark Pools offers a captivating account of how trading robots have commandeered global markets – with many becoming so autonomous that their human creators can’t foresee their next moves.