Dark Pools

Type
Book
Authors
ISBN 10
1847940978 
ISBN 13
9781847940971 
Category
Unknown  [ Browse Items ]
Publication Year
2012 
Description
In "Dark Pools", "Wall Street Journal" reporter Scott Patterson tells the story of the group of whizzkids who applied their computer programming genius to the invention of 'robot versions of Warren Buffett'. As they did so, they created a radically new trading system in which machines trade anonymously with other machines, making and losing fortunes in the blink of an eye. This state-of-the-art technology has transformed the financial markets, but it has also raised some disturbing questions. If computers are trading with each other, does that mean that people have lost control? How can this system be monitored, let alone regulated? And if it all comes crashing down, whose fault will it be? Pacy, fascinating and revealing, "Dark Pools" takes the lid off the new-look financial markets, and comes to some chilling conclusions. - from Amzon 
Number of Copies

REVIEWS (1) -

Ranjeet Singh
Riveting. Gives a rare insight into how exchanges (predominantly Nasdaq and NYSE) and trading pools like Island, Archipelago and a bunch of others, evolved in the age of computers, with a couple of chapters at the end dedicated to explaining how Machine Learning (a branch of AI) is transforming high speed trading platforms like Star, into self-learning and evolving systems, capable of beating the index at the most vulnerable of times, by placing orders on the markets that humans will probably hesitate to take. Pure mathematics at play here.
11 months ago

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