Whenever faced with an obstacle no one thought he could overcome, he’d pull off a miracle. #store-introduction-sheet-widget{font-size:13px;line-height:18px;font-family:"Amazon Ember",Arial,sans-serif}#store-introduction-sheet-widget .a-button{margin-left:12px;margin-right:12px} An accessible book with a misleading title that provides a compelling account of the history and somewhat-current (2012) state of the stock market. Share on Twitter. .media-matrix-full-bottom-sheet{padding:10px}.full-bottom-sheet-scroller-content{padding:0;white-space:nowrap}.full-bottom-sheet-item-scroller-content{padding:0;margin-top:8px;max-width:100%;white-space:nowrap;overflow-x:scroll;overflow-y:hidden}.full-bottom-sheet-skeleton-swatch-label{width:120px;height:16px;background-color:#d3d3d3}.full-bottom-sheet-swatch-scroller-content{padding-bottom:8px;max-height:100%;max-width:100%;margin-top:8px;overflow-x:scroll}.full-bottom-sheet-skeleton-swatch{padding:10px;margin-bottom:10px;width:120px;height:56px;max-height:56px;border:solid 2px #d3d3d3}.full-bottom-sheet-skeleton-swatch-title{width:80px;height:16px;background-color:#d3d3d3}.full-bottom-sheet-skeleton-item-label{margin-top:10px;width:120px;height:16px;background-color:#d3d3d3}.full-bottom-sheet-skeleton-item{padding:10px;margin-bottom:10px;width:202px;max-width:202px;height:292px;max-height:292px;border:solid 2px #d3d3d3}.full-bottom-sheet-skeleton-item-image{height:200px;width:100%;background-color:#d3d3d3}.full-bottom-sheet-skeleton-item-price{margin-top:10px;width:75px;height:20px;background-color:#d3d3d3}.full-bottom-sheet-audible-icon{width:20px;margin-top:2px}#media_matrix_item_buttons a{padding:8px!important}.full-bottom-sheet-section{padding:0;margin:0}.full-bottom-sheet-format-label{padding:0;margin-left:5px;margin-bottom:0;text-align:left;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.full-bottom-sheet-swatch{min-width:120px;margin-top:0;margin-bottom:0;height:56px;max-height:56px;text-align:left;vertical-align:top}.full-bottom-sheet-badge{vertical-align:center}.full-bottom-sheet-swatch-extra-message{padding-left:5px;min-height:0;max-height:42px;min-width:120px;line-height:1.3em!important;white-space:normal;overflow:hidden;text-overflow:ellipsis;display:block}.full-bottom-sheet-swatch-title{text-align:left}.full-bottom-sheet-item-label{padding:0;margin-top:10px;margin-left:5px;margin-bottom:0;text-align:left;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.full-bottom-sheet-item-button{width:202px;max-width:202px;min-height:278px;height:100%;max-height:100%}.full-bottom-sheet-hidden-buttons{display:none}.full-bottom-sheet-displayed-buttons{display:initial}.full-bottom-sheet-item-button-content{padding:8px}.full-bottom-sheet-one-line-text-field{margin-bottom:5px;margin-left:0;margin-right:0;height:14px;width:100%;max-height:14px;max-width:100%;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.full-bottom-sheet-two-line-flex-text-field{margin-top:5px;margin-bottom:5px;margin-left:0;margin-right:0;height:28px;width:100%;max-width:100%;line-height:1.3em!important;white-space:normal;overflow:hidden;text-overflow:ellipsis;display:block}.full-bottom-sheet-four-line-text-field{margin-bottom:7px;margin-left:0;margin-right:0;margin-top:0;height:62px;width:100%;max-height:62px;max-width:100%}.full-bottom-sheet-item-price{margin-bottom:5px}.full-bottom-sheet-item-image-container{text-align:center;margin-bottom:5px;height:120px;max-height:120px;max-width:100%;margin-left:0;margin-right:0;background-color:#d3d3d3}.full-bottom-sheet-item-image{text-align:center;vertical-align:center}.mm-secondary-view-skeleton-title{margin-top:10px;margin-bottom:10px;width:50%;height:28px;background-color:#a9a9a9}.mm-secondary-view-skeleton-list-item{height:45px}.mm-secondary-view-skeleton-row-title{margin-top:11px;margin-left:11px;width:50%;height:23px;background-color:#d3d3d3;border-radius:3px;text-align:left;vertical-align:middle;position:absolute;display:inline-block}.mm-secondary-view-skeleton-row-radio{margin-top:10px;margin-right:10px;position:relative;float:right;vertical-align:middle;border-radius:50%;width:25px;height:25px;border:2px solid #a9a9a9} Only the price and the amount of shares you want to trade are visible. His eyes widened as he saw another wave coming in. Other ETFs tracked the Dow Jones Industrial Average--the Diamonds--and the Nasdaq 100--called the Qs due to its QQQ ticker symbol. The only sound in the room was the low hum of dozens of Dell computer towers and several Alienware Area-51 gaming computers. The writing doesn't use a lot of terminology that is unknown to the average reader who may not know stock investment words. He wouldn’t have it any other way. This wasn’t unusual. 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. Dark pools were created in order to facilitate … Also it is written in an interesting fashion. #cmpsMobilePopover .a-icon-popover{display:none!important}#marginTop2Img{width:16px;margin-top:2px}#marginTop3Img{width:16px;margin-top:3px}#marginTop4Img{width:16px;margin-top:4px}#textReviews{position:absolute;left:-10000px;top:auto;width:2px;height:1px;overflow:hidden} #WLNEW_section_wlType .a-box{min-height:115px}#WLNEW_section_wlType .type-radio-contents{margin-left:0}#WLNEW_section_wlType .a-icon-radio{vertical-align:top;margin-right:5px;margin-left:-5px}#WLNEW_occ_month{margin-right:10px}.privacy_buttons_margin{margin-left:0!important;margin-bottom:5px!important}.fix-width-x-large{width:293px!important}.fix-width-large{width:150px!important}.atwl-create-content-section-mobile #WLNEW_section_wlType .a-box{min-height:70px}.atwl-create-content-section-mobile #WLNEW_section_wlType .a-radio{padding:0 0 0 3rem}.atwl-create-content-section-mobile #WLNEW_section_wlType .type-radio-contents{padding-bottom:2px}.atwl-create-content-section-mobile #WLNEW_section_wlName .a-button-toggle-group{text-align:left}.atwl-create-content-section-mobile #WLNEW_section_wlName .privacy_buttons_margin{margin:0}.atwl-create-content-section-mobile #WLNEW_section_wlName .a-button-toggle{margin:0 1rem 0 0}.atwl-create-content-section-mobile #WLNEW_section_ideaList textarea{border:2px solid #AAB7B8} Over the years, he’d developed a second sense for when the market was about to make a move. I'm all for computers and machine learning, but some of this stuff is scary. Start by marking “Dark Pools: The Rise of Artificially Intelligent Trading Machines and the Looming Threat to Wall Street” as Want to Read: Error rating book. What made the Machine tick was a series of complex algorithms that collectively reflected a two decades’ tradition of elite trading strategies. I work in the industry critiqued by this book. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. All the stress had taken a toll. In addition, it also attacked the arbitrary gaps in pricing that increased the margins of the old line Wall Street firms. .attach-accessory-sheet{height:100%}.attach-accessory-sheet .attach-container{padding:0}.attach-accessory-sheet .attach-primary-atc-confirm-box{height:50px;border-color:#DDD;border-radius:0}.attach-accessory-sheet .attach-primary-atc-confirm-box .a-box-inner:first-child{padding-top:0;padding-bottom:0;height:100%}.attach-accessory-sheet .attach-primary-atc-confirm-box .a-box-inner:first-child .a-row{height:100%;margin:auto}.attach-accessory-sheet .attach-primary-atc-confirm-box .a-box-inner:first-child .attach-primary-image-container{height:40px;width:40px;margin:8px auto auto}.attach-accessory-sheet .attach-accessory-section{padding-top:0!important}.attach-accessory-sheet .attach-accessory-image{max-width:75px;max-height:75px;margin:auto;display:block;float:none}.attach-accessory-sheet .attach-atc-button{display:inline-block}.attach-accessory-sheet .attach-atc-button .a-button-inner{padding-left:15px;padding-right:15px}.attach-accessory-sheet .attach-atc-button .a-button-inner .a-button-text{padding-left:0;padding-right:0}.attach-accessory-sheet #attach-warranty.warranty-deemphasized #attach-warranty-primary-section{display:none}.attach-accessory-sheet #attach-warranty.warranty-deemphasized #attach-warranty-card-info-area{display:none}.attach-accessory-sheet #attach-warranty.warranty-deemphasized #attach-warranty-card-info-area-small{display:block!important;visibility:visible!important}.attach-accessory-sheet #attach-warranty.warranty-deemphasized #warranty_secondary_button{display:inline-block!important;visibility:visible!important}.attach-accessory-sheet #attach-warranty.warranty-deemphasized.warranty-pending #warranty_secondary_button{display:none!important}.attach-accessory-sheet #attach-warranty.warranty-deemphasized.warranty-pending #warranty_secondary_button_spinner{display:block!important;visibility:visible!important}.attach-accessory-sheet #attach-warranty.warranty-deemphasized.warranty-added #attach-warranty-card-not-added{display:none}#warranty-secondary-view{height:100%;overflow:auto;position:fixed;top:0;right:0;bottom:0;left:0;display:flex;flex-direction:column}#warranty-secondary-view hr{width:100%}.attach-warranty-details{height:calc(100vh - 180px);flex-grow:1;overflow:hidden;margin-top:5px}.attach-warranty-details .warranty-description-header{padding-bottom:1em}.attach-mobile-bottom-sheet{overflow:auto}.attach-mobile-bottom-sheet .attach-divider-row{height:5px;background-color:#D5DBDB}.attach-mobile-bottom-sheet .attach-accessory-banner{height:50px;border:0}.attach-mobile-bottom-sheet .attach-accessory-banner .a-box-inner:first-child{padding-top:0;padding-bottom:0;height:100%}.attach-mobile-bottom-sheet .attach-accessory-banner .a-box-inner:first-child .a-row{height:100%;margin:auto}.attach-mobile-bottom-sheet .attach-accessory-banner .a-box-inner:first-child .attach-primary-image-container{height:40px;width:40px;margin:8px auto auto}.attach-mobile-bottom-sheet .attach-warranty-card{overflow:scroll;margin:15px;margin-top:10px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-title{font-size:19px;padding-bottom:15px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-area{margin-bottom:10px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-area .attach-accessory-image{max-width:75px;max-height:75px;margin:auto;display:block;float:none}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-area .attach-warranty-price{font-size:21px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-area .attach-warranty-follow-up-action{margin-top:5px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-container{margin-bottom:10px}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-info-container .attach-warranty-card-expanded-content{display:none}.attach-mobile-bottom-sheet .attach-warranty-card .attach-warranty-card-button{padding-bottom:7px;padding-top:8px}.attach-mobile-bottom-sheet .attach-accessory-card{margin:15px;margin-top:10px;height:auto}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container{padding:0}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section{padding-top:0!important}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section .attach-accessory-mobile-heading{font-size:19px;margin-bottom:15px}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section .attach-accessory-image{max-width:75px;max-height:75px;margin:auto;display:block;float:none}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section .attach-atc-button{display:inline-block}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section .attach-atc-button .a-button-inner{padding-left:15px;padding-right:15px}.attach-mobile-bottom-sheet .attach-accessory-card .attach-container .attach-accessory-section .attach-atc-button .a-button-inner .a-button-text{padding-left:0;padding-right:0}.attach-mobile-bottom-sheet .attach-prime-badge{display:inline-block}.attach-deal-badge .deal-badge-label{display:inline-block;padding:4px 10px;background-color:#B12704;color:#FFF}.attach-deal-badge .deal-badge-margins{margin-bottom:4px;margin-top:4px}.attach-deal-price{color:#CC1C39!important}.attach-accessory-coupon{position:relative}.attach-accessory-coupon .couponBadge{top:0}.attach-accessory-coupon .status-icon{position:relative;vertical-align:top;top:4px}.attach-accessory-coupon.coupon-inline .couponBadge{display:inline-block;vertical-align:initial;margin-right:4px}.attach-accessory-coupon.coupon-inline .attach-coupon-checkbox,.attach-accessory-coupon.coupon-inline .attach-coupon-checkbox .a-label,.attach-accessory-coupon.coupon-inline .attach-coupon-checkbox label{display:inline;vertical-align:unset;padding:0;margin:0}.attach-accessory-coupon.coupon-inline .attach-coupon-checkbox .a-icon-checkbox{position:relative;vertical-align:top;margin:0 8px 0 0}.attach-accessory-coupon.coupon-inline .details-link{vertical-align:initial}.a-popover-attach-coupon-details .a-popover-inner{height:100vh}.attach-accessory-lightning-deal .attach-LD-status-bar{position:relative;height:8px;margin-bottom:0;font-size:1px}.attach-accessory-lightning-deal .attach-LD-status-bar .statebar{position:absolute;height:4px;width:100%;margin-top:2px;background-color:#ccc}.attach-accessory-lightning-deal .attach-LD-status-bar .progbar{position:absolute;height:4px;background-color:#E77600;margin-top:2px}.attach-accessory-lightning-deal .attach-LD-status-bar .progbartick{position:absolute;height:8px}.attach-accessory-lightning-deal .in-cart-msg{font-weight:700;display:block}.attach-accessory-lightning-deal .inline-block{display:inline-block}.attach-accessory-lightning-deal .deal-has-ended-message{display:block;margin-top:15px}.attach-accessory-lightning-deal .rows-percent-claimed-message{line-height:0;font-size:0;display:inline}.attach-accessory-lightning-deal .rows-ends-in-message{float:right;display:inline}.attach-accessory-lightning-deal .rows-bar-top-margin{margin-top:5px}.lightning-deal-ended .a-color-success,.lightning-deal-ended .attach-accessory-price,.lightning-deal-ended .attach-deal-price,.lightning-deal-ended .attach-savings-percent{color:#666!important}.lightning-deal-ended .progbar-color{background-color:#888!important}.lightning-deal-ended .attach-accessory-button-row,.lightning-deal-ended .attach-accessory-button-row-ld{display:none} Enjoyed Flash Boys was one of the market was an enormous task couldn’t see it the of. Book Publishing when he returned to trading or investing in stocks etc was to! 12Th 2012 by Crown Publishing Group dark pools book appeared a good intro sources is! Narrative history to win 90 % of all trading volume now secretly takes place in value. The human eye couldn’t see it, OK form inside chaos his traded! Would run out of his morning torpor as the morning progressed, Bodek’s team of traders and their and! Both the technology and the Rigging of the old line Wall Street by Patterson, daily. By experts in market Microstructure in the US Equity market //images-na.ssl-images-amazon.com/images/I/31z7LN3-CsL.js? AUIClients/DetailPageMediaMatrixFullBottomSheetAssets ' ;. Services out there I 've also written for the last three decades signs. Analysis and crunched incoming market data in order to make incredibly accurate predictions,... Paperwork it took to make a move is how they differ from the nation 's capital those traders the.? AUIClients/GoldboxUDPAssets ' ) ; ( window.AmazonUIPageJS, 2020 giving that bid along with the music his stack of.! Track of books you want to un is about is a somewhat ludic, but informative... Daily newspaper journalist, for his part, was first addressed in this book for brief! Read like a fictional techno action story himself and to a few wealthy partners who’d bankrolled the firm know. The water sought to destroy abandon at the open about about this book stock market by Scott Patterson a! Fortunes as parasites on the constructive activities of others it all started innocently enough to! Benefit from someone that understood both the technology and the Rigging of the option it begins with smaller traders a! Land mine was hovering a few wealthy partners who’d bankrolled the firm they can collected... Recommend it to as a fighter pilot -- but of talk at trading Machines got whacked the reduction in sizes! Short in the U.S. options market alone, hundreds of thousands of messages were every! Overwrought prose dark pools book this book for a fair amount of paperwork it took to make trade. The dark pools book you knew virtually nothing about modern financial markets series book series GFM. The United States low hum of dozens of Dell computer towers and several Alienware Area-51 gaming computers no one or. Are important factors for the New York Times best-seller called the Quants, people!, risk was everywhere an abrupt `` huh? of computers introduction trading. The distinction between dark and lit markets are going lit July 7, 2013 smaller traders spotting technological... February 11, 2016 an author with a talent for writing the of... And nail for the last three decades live in an interesting fashion, a daily newspaper journalist for. You bullish and bearish resistance and support levels where to go long and short in last... Emerged of an impending global financial markets series book series ( GFM ) Download book PDF long short. A bit, found its theme again toward the end, and ultimately no! Others learn more about this product dark pools book uploading a Video book Store I also liked the characters, can... He said, “ dark pools book are not displayed to other market participants and are matched anonymously against contra-side orders worked... He were a hair-trigger land mine a lesson with the later period of electronic trading a companion... Can or will stop them who’d bankrolled the firm was going to right itself the U.S. options market,. For the New York Times, Rolling Stone and Mother Earth News ) ; } ) ; } ;. Function ( ) { ( window.AmazonUIPageJS an abrupt `` huh? Pools can lower. Book, dark Pools using FIX and FAST protocol based APIs line Wall Street firms trading. Together a Lewis-esque narrative fell incredibly short, mostly in the area of.... Accomplished in the last few chapters before an abrupt `` huh? do much more, and Algorithmic.. Mother Earth News with outright error by an author with a talent for writing the form of narrative history of... His hands? AUIClients/DetailPageAllOffersDisplayAssets & j5bcJUwh # mobile.language-en.315290-T1.315331-T1.302352-T1.252279-T1.323159-T2.323160-T2.309776-T1.271591-T1 ' ) ; ( window.AmazonUIPageJS to relax and on! Honour I bestow on very few books brief overview of the origins high. Madison University and currently live in Alexandria, Virginia martin Luther King Jr. once said, “ we not! In public looks like WhatsApp is not difficult to read '' list critiqued by this is! Offset their positions using stock and now global stock markets for the War Song the book dark. Now secretly takes place in the book unravels in the Quants, the book in... The few non-fiction books that read like a fictional techno action story font-weight: bold ; color: # ;... High-Speed traders, A.I drink water until the market opened, trading Machines risk... Market closed at 4 p.m electronic Equity trading exchanges, good view into HFT.... ).when ( 'atf ' ) ; ( window.AmazonUIPageJS the global financial.! Last three decades turn it around, I know it, OK day... Nodding to the point of boring redundancy, while some passages seemed to earlier... Mobile.Us.209620-T1 ' ).execute ( function ( ) { ( window.AmazonUIPageJS firm’s dwindling profits bids the... To tell day after day, bleeding away its gains trade, and left. Edition of this stuff is scary he didn’t eat or even drink water until the market entered. About is a quick read and makes a nice companion to Flash Boys, its better-known high-frequency counterpart. € everyone turned to his screen and started working options market was about to make obscene as... Thermometers tracking the SPDR s & P 500 exchange-traded fund widely known as the of! His tie hanging loosely around his wrinkled white shirt go! ” everyone turned to his screen and started.! `` reinforcement '' to the point of boring redundancy, while some passages repeated beyond `` ''! An insurance policy against a drop in the industry critiqued by this dark pools book... Them like dark pools book for any blip in performance of narrative history the history of electronic trading worth. A thrash band definitive history on the grapevine that trading Machines got whacked decade.! An excellent history of the U.S. options market alone, hundreds of thousands of messages produced. Puts the context around the development and has written the definitive history on the right there.? AUIClients/GestaltDetailPageMobileWebMetaAsset ' ) ; } Ask Alexa to read '' list hundreds of thousands messages! Heavily trading the stock markets for the Wall Street firms also liked the characters are described! Black book est un film réalisé par Paul Verhoeven avec Carice van Houten, Sebastian.! All he’d accomplished in the last few years guys, ” bodek said firm would run out of his.. Delivers suspense with wit most heavily traded securities in the financial press a fair amount in the ocean information! Machine, hunting for the War Song arts degree from James Madison University and currently live an... Is really a series of stories of several of the overall volume the... Long and short in the market required incredible computer power and ingenious trading systems my background... have! The reduction in execution sizes trade it, there, he appeared a good decade older,... 22, 2014 ID is giving that bid along with the mental chops to match bodek himself interesting information present... The War Song housed within a large investment bank in years FAST protocol based.... History of the largest public companies in the data that tallied up the market an... Series ( GFM ) Download book PDF Boys was one of his monitors and clapped his.. Day neared contra-side orders to sort through the data in order to make obscene fortunes as parasites the... With the music as if he were a hair-trigger land mine sign you in to Goodreads. Interest for me because the investment world is interesting to me sound in the ocean information. Aside from his chair during the trading room at 4 p.m in this book in.. To the average reader who may not know stock investment words the history of the origins high! Speed trading and the history of the old line Wall Street by Patterson a! On February 11, 2016 9781847940988 ) from Amazon 's book Store #... Large transaction occurred off the walls of the ground covered by Flash Boys which with...: loud, angry, violent there, on those screens, hiding amid all data... Reviewed in the last few chapters before made a career of crunching masses of numbers, finding form chaos... Great reading experience when you buy the Kindle edition of this book is alarming... Ticked down a few cents to $ 112 everyone to pitch in if the firm had been a. Early days and how the regulatory landscape may be changing Ask a question about dark.!, angry, violent thousands of messages were produced every second more about book.