Dark Pools The rise of A.I. trading machines and the looming threat to Wall Street
Product details
Biographical note
Scott Patterson worked for several years as a financial reporter at the Wall Street Journal. He lives in New York. His previous book The Quants (Random House Business, 2009) was a New York Times and Wall Street Journal bestseller.An invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market.
Financial Times
[A] gripping, excellent expose
PQ Magazine
A great read … and raises an important question: could the trading machines destroy the capital markets?
Reuters UK
As an exposition of Wall Street nerdcraft, Dark Pools truly delivers ... Patterson's tales of ingenuity and cunning read like a spy novel
Sunday Business Post
Financial journalist Scott Patterson looks at the real world of AI trading machines and crafts a story equally as riveting
British Airways Life Magazine
Journalistic in style, nice scary ending ... Any serious CFO, CIO, Chancellor, market regulator or investor should read this
BookGeeks
Gruelling and terrifying, Patterson questions the future of the human inquisitive mind
European CEO
A fascinating and completely terrifying tale … It is a terrific read, both for a history of high frequency trading well told, and for a different kind of perspective on what’s gone so wrong with finance. If you really want to scare yourself, pair it with Robert Harris’ <i>The Fear Index</i>
Enlightenmenteconomics.com
Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots – many so self-directed that humans can’t predict what they’ll do next.It’s the story of the blisteringly intelligent computer programmers behind the rise of these ‘bots’. And it’s a timely warning that as artificial intelligence gradually takes over, we could be on the verge of global meltdown.
‘Scott Patterson has the ability to see things you and I don’t notice.’ Nassim Nicholas Taleb, New York Times bestselling author of Antifragile, Fooled by Randomness and The Black Swan
Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots – many so self-directed that humans can’t predict what they’ll do next.It’s the story of the blisteringly intelligent computer programmers behind the rise of these ‘bots’.