Dark Pools
  • Published: 17 July 2012
  • ISBN: 9781448136964
  • Imprint: Cornerstone Digital
  • Format: EBook
  • Pages: 368

Dark Pools

The rise of A.I. trading machines and the looming threat to Wall Street

Formats & editions
EBook
17 Jul 2012
Paperback
15 Jul 2013
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A chilling look at the rise of artificial intelligence in the financial markets

Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots – many so self-directed that humans can’t predict what they’ll do next.It’s the story of the blisteringly intelligent computer programmers behind the rise of these ‘bots’. And it’s a timely warning that as artificial intelligence gradually takes over, we could be on the verge of global meltdown.

‘Scott Patterson has the ability to see things you and I don’t notice.’ Nassim Nicholas Taleb, New York Times bestselling author of Antifragile, Fooled by Randomness and The Black Swan
  • Published: 17 July 2012
  • ISBN: 9781448136964
  • Imprint: Cornerstone Digital
  • Format: EBook
  • Pages: 368
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About the author

Scott Patterson

Scott Patterson has been a reporter for nearly two decades, mostly at The Wall Street Journal in New York City; Washington, DC; and London. Most recently, he has been focused on the negative impacts of climate change and their effect on the financial system. His 2010 New York Times bestseller The Quants was about the rise of mathematical traders and their near destruction of the financial system. His second book, Dark Pools, exposed high-frequency trading risks and was lauded by a pantheon of financial writers, including James Stewart and Michael Lewis. A winner of the Loeb Breaking News Award, Patterson has made frequent appearances in the media, including on CNBC, The Daily Show, and Fresh Air. He lives in Alexandria, Virginia, with his wife and son.

Also by Scott Patterson

The Quants
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Praise for Dark Pools

A fascinating and completely terrifying tale … It is a terrific read, both for a history of high frequency trading well told, and for a different kind of perspective on what’s gone so wrong with finance. If you really want to scare yourself, pair it with Robert Harris’ The Fear Index

Enlightenmenteconomics.com

An invaluable piece of timely journalism that should be read by regulators and anyone with a cent in the stock market.

Financial Times

[A] gripping, excellent expose

PQ Magazine

Financial journalist Scott Patterson looks at the real world of AI trading machines and crafts a story equally as riveting

British Airways Life Magazine

Journalistic in style, nice scary ending ... Any serious CFO, CIO, Chancellor, market regulator or investor should read this

BookGeeks

As an exposition of Wall Street nerdcraft, Dark Pools truly delivers ... Patterson's tales of ingenuity and cunning read like a spy novel

Sunday Business Post

A great read … and raises an important question: could the trading machines destroy the capital markets?

Reuters UK

Gruelling and terrifying, Patterson questions the future of the human inquisitive mind

European CEO
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