Dark Pools
The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
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Narrated by:
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Byron Wagner
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By:
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Scott Patterson
A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the "bots" - artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to out-maneuver the humans who've created them.
In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables.
By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think and that seemed, ominously, to be slipping the control of their human masters.
Dark Pools is the fascinating story of how global markets have been hijacked by trading robots - many so self-directed that humans can't predict what they'll do next.
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I’d listen again.
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Eye opening and must read!
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Great insight into the securities trading world
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If you could sum up Dark Pools in three words, what would they be?
Very inspiring nonfictionWhat was one of the most memorable moments of Dark Pools?
The whole career of Joshua LevineHave you listened to any of Byron Wagner’s other performances before? How does this one compare?
I haven'tIf you could give Dark Pools a new subtitle, what would it be?
There is a silent war going onRace between human creativity and greed
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Like after watching Jaws...you won't get back in
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So good
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required reading
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Great listening
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