In Academy Fellow Hazel Henderson’s book review of Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System, by Scott Patterson, she writes that the book “explores the colorful inner workings” of high-frequency trading “through a cast of improbable characters: the traders, programming geniuses, eccentric electronic market-makers, aggressive ‘algo-warriors,’ high-rollers and hedge fund quants who have taken over Wall Street, London, Singapore, Tokyo, Mumbai, Sao Paulo and Shanghai. Their fiber-optic cables circle the Earth, linking all financial markets at ever-higher speeds in the global arms race of the Algo Wars….” Read Henderson’s review.
