Reddit reviews Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
We found 6 Reddit comments about Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market. Here are the top ones, ranked by their Reddit score.
Used Book in Good Condition
Look into Scott Patterson's - Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market.
It talks about the abuses of the make or take system in stock exchanges.
The 1 comment per hour rule is here
You know whats next
In other news i could really recommend this book , the title is a bit sensationalistic but really good history of algo and electronic trading https://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/0307887189
Having just read a book about high frequency trading, Dark Pools (which I highly recommend), that's the first thing that came to my mind too.
So many questions... Will Trump continue naming businesses in his tweets? What if he starts tweeting about things that affect stocks he owns? Is it ok for him to tweet and manipulate the market that way?
Dark Pools is another good book http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/0307887189
There's a book by the same name. I thought it was a good read, but I read it out of interest, not so much looking for technical knowledge.
>Things people should be actually be angry or interested in:
>1. News/economic releases being released early to traders
>2. Quote stuffing
>3. Exotic, undocumented order types
I've still got about 100 pages to read in [i]Flash Boys[/i] so maybe they'll be discussed later, but so far I'm surprised by the absence of issues 1 & 3.
I'm with you that early access to news is a different animal than latency arbitrage. The potential consequences are greater and the crowd it preys on is larger and more vulnerable. On a lighter note, it reminded me of the Anne Hathaway crash.
Custom/undocumented order-types are also disturbing, though from my understanding they are more of a problem for the HFT players than regular investors. For anyone interested in learning about custom order-types and the implications, check out the work of Haim Bodek, former HFT trader-turned whistleblower. Bodek was also profiled in Scott Patterson's 2012 book Dark Pools. I highly recommend Dark Pools for anyone interested in HFT - it's a great read and similar writing style to Lewis.
I'm blanking on your second issue though, quote stuffing - could you elaborate? Are you referring to order-canceling?