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 […]
Wall Street
Wall Street Computers Gone Wild
The fragmentation of the stock market and high-speed computerized trading have transformed the market into a “playground of Google – esque algorithms, powerful banks and secretive, fast-money trading firms.” You don’t want your 401(k) playing here. Gone are the days when human traders called the shots from the floor of the N.Y. Stock Exchange and […]
