Dark Pools: The Rise Of Artificially Intelligent Trading Machines And The Looming Threat To Wall Street (2012) - Plot & Excerpts
"Dark Pools" is an awesome book that provides a story line of how "wall street" was automated over the past 20 years. It is a stunning story. From the clubby market specialists beforehand to the electronic market makers of today (which was replacing one set of "street insiders" with another), including the more recent machine learning high speed algos. The story lines are sometimes hard to follow in the book, but it is a difficult story to tell. A highly recommended read if you really want to understand wall street today and how automation has turned "wall street" upside-down and into a never ending roller coaster ride. Great and easy read, I'd highly recommend this to anyone looking for insight into HFT's and the birth of electronic trading and algorithms. Details various players, their struggles with the exchanges and more. Non-abstruse, easily readable in story form for anyone to read. Kind of an abrupt ending, would have liked to have heard more analysis from the players on the future of HFT/trading, etc. All in all, from what I can tell, this is a much more balanced account of dark pools and HFT than Michael Lewis portrays.
What do You think about Dark Pools: The Rise Of Artificially Intelligent Trading Machines And The Looming Threat To Wall Street (2012)?
Better and more comprehensive than Flash Boys ... and written two years earlier.
—Tre
Importance of HFT is waning with it's profits but still necessary knowledge.
—nhlpat
A fascinating, deeper look at the topics covered in Lewis's Flash Boys.
—KhiddoRascal
