Dark Pools summary ò 8

summary Ï eBook, ePUB or Kindle PDF ☆ Scott Patterson

Dark PoolsA 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 fro. hard to cut through the fluff to get to the facts and the author's repeated breathless use of impressive sounding facts 7 trillion bytes without context and meaningless but emotionally charged terms just what is a hunter killer bot is never explained harms his credibility

Scott Patterson ☆ 8 read

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 ne. The SOES bandits with Josh Levine at the helm take on the antiuated insider blue blooded good ol boys exchanges at the Nasda and NYSE only to triumph and become the evil they sought to destroy Instead of an insider market maker system they created a brain stealing industry that spends billions on optimising milliseconds A technorati elite that competes in GflopsJosh Levine started an arms race That culminated today in the creation of a market so disconnected from its roots that it bears little resemblance As Scott likes to say Mom and pop players have no game in this business any day trading Not value investing mind you I enjoyed the technical bits even though they were often simplified The fact everything was named correctly enabled me to follow up rather easily We came a long way from the days of the Monster key

review Dark Pools

Dark Pools summary ò 8 Ð ✾ [EPUB] ✶ Dark Pools By Scott Patterson ❦ – Johns-cycling-diary.co.uk 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 cove A news breaking account of the globaM 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. There was so much information in this book I had to back and reread parts of itand even so I still don't think I understood all of it What a crazy complex sneaky speedy life those traders and their algorithms and computers lead I found this book eual parts fascinating and horrifying I'm all for computers and machine learning but some of this stuff is scary So much research must have gone into this book Most of the info and concepts were explained well so that I the dumb layman could mostly understandbut given I am not in the business nor am I a mathematician so there was a lot that I just don't think I would ever fully understand but that's on me not the authorAll that aside this was a grand read I followed it pretty well and felt like I learned a fair bit about this topic along the way