Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
"Far more comprehensive and persuasive [than even Michael Lewis'Flashboys]."--James Stewart,New York Times Book Review "An excellent history of the early electronic traders" - Michael Lewis“Scott Patterson’sDark Poolsis about the most important financial issue no one talks about—how high-frequency traders have rigged the market.”--Mark Cuban“Remarkable…even long-time participants in electronic markets will learn a lot from this book.”--Forbes “Richly reported…an invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market...You will never look at the opening bell in the same way.”--Financial Times“An engaging narrative…DARK POOLS is easily the most entertaining and accessible book to cover the new world of stock trading.”--Fortune “An education in how markets work, packaged in a thriller worthy of Michael Crichton….Dark Poolsis one of those rare books that is a great summer beach read and a useful trading manual.”--Minyanville.com “Very enjoyable….a good story of how innovators destroy the old guard.”--BusinessInsider.com “Dark Poolsrelays an epic tangle of hacktivists, old-school floor exchanges and traders – all wrestling to game the machines…The stories engage from chapter to chapter, bringing the reader from the outside in.”--Seeking Alpha“An entertaining account of the key battles in the “algo wars” and the colorful math geeks who fight them—some of whom are now fighting to rein in the monsters they created.Dark Poolsis an alarming account.”--Canadian Business“Dark Poolsis a must read for all serious investors. Patterson’s methodically researchedbook exposes the core problems in today’s securities market…His findings should serve as a blueprint for the SEC.”--Blair Hull, founder of Hull Trading and Ketchum Trading