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Dark Pools Audiobook

Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System

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Publisher's Summary

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.

©2012 Scott Patterson (P)2012 Random House Audio

What Members Say

Average Customer Rating

4.5 (554 )
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Performance
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  •  
    sandra danzinger 03-28-17
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    1
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    "Surprisingly Interesting"

    Had to read for a college course. I was reluctant to read if because I thought I was going to be extremely dry and hard to stay focused. I was completely mistaken. I found myself wanting to read/listen and thinking about the story when I wasn't. It was the first book of the genre I have read.

    0 of 0 people found this review helpful
  •  
    jacob kennedy 12-14-16 Member Since 2015
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    7
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    "Collection of short stories."

    I found some instances of this book being poorly researched specifically in the case of Sergey aleynikov. Also the author seemed to be discussing responsible people versus evil or greedy people in the markets. However, everyone that he spoke to was on the side of angels. Which according to his own story can't be true. beyond that there was still a lot of good information and may be worth the purchase if you are interested in the material.

    0 of 0 people found this review helpful
  •  
    Rayce 12-01-16
    Rayce 12-01-16 Member Since 2017
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    "an absolute must for anyone in finance"

    this is one of the best works I have read on the history and mechanics computerized Trading from the 90s to now

    wonderful narration as well

    0 of 0 people found this review helpful
  •  
    Amrinder Nagra 10-06-16
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    "book was realy good"

    Fastest book I ever finish kept my intrest whole time. I learned a lot about modern stock exchange.

    0 of 0 people found this review helpful
  •  
    jean prou 06-29-16
    jean prou 06-29-16
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    "Great book"

    This was one of the best books I've read in a long time filled with stunning revelations.

    0 of 0 people found this review helpful
  •  
    ryon aguirre 04-12-16 Member Since 2017
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    9
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    "Interesting Book on Electronic Trading"
    Where does Dark Pools rank among all the audiobooks you’ve listened to so far?

    Scott Patterson does an excellent job of mixing entertaining stories with the history of electronic markets. Very good book.


    Any additional comments?

    If you liked Michael Lewis' Flash Boys or Scott Patterson's Quants, you will love this book!

    0 of 0 people found this review helpful
  •  
    TraTDraHuKa 10-23-15
    TraTDraHuKa 10-23-15 Member Since 2011
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    "Highly recommended reading"

    If you want to understand how markets work nowadays, this book is must reading for you....

    0 of 0 people found this review helpful
  •  
    Cecilia meridian, MS, USA 08-24-15
    Cecilia meridian, MS, USA 08-24-15 Member Since 2017
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    "Fantastic Book!"

    Extremely well researched, written and read!! Thank you Scott and Byron!, listened to it twice

    0 of 0 people found this review helpful
  •  
    honeyclover 06-27-15
    honeyclover 06-27-15 Member Since 2014
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    "Contain less technical details than flash boy"

    Overall it is a very thoughtful book. Neural and comprehensive. Only dissatisfaction is that the author always put the machine at the opposite side of human being. But in the end, human being develop the algorithm and code the machine. Since there is no truly AI be ache curved so far, the high frequency trading is really just an intensive game between mortals.

    0 of 0 people found this review helpful
  •  
    Ryan 06-27-15
    Ryan 06-27-15
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    10
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    "So good"

    Better than flashboys. They're both good but I enjoyed this book after reading Lewis's book

    0 of 0 people found this review helpful

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