Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market by Scott Patterson

Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market Scott Patterson ebook
Publisher: Crown Publishing Group
ISBN: 9780307887184
Format: pdf
Page: 384

Jul 30, 2009 - high-frequency trading (HFT) since its early days, isn't afraid to buck the industry line that lightning-fast trading of stock, options and commodities poses little or no risk to the stability of the markets. Stock market is rigged when high-frequency traders with advanced computers make tens of billions of dollars by jumping in front of investors'. Mar 30, 2014 - @11.36 The complete sentence was 'The U.S. Apr 24, 2014 - To minimize communication time between the computers that host algos and the exchanges or dark pools on which they trade, the computers are typically co-located at those trading venues. This has In addition, traditional investors like mutual funds have adopted the high-speed industry's automated strategies and moved most of their business away from the exchanges into dark pools to circumvent the market. Oct 16, 2012 - The challenges facing speed-focused firms are many, the biggest being the drop in trading volume on stock markets around the world in each of the last four years thanks to rigging by The Royal Bank of Canada and the Bank of Nova Scotia. Jul 25, 2013 - Anyone who downloads Scott Patterson's book, Dark Pools: The Rise of the Machine Traders and the Rigging of the US Stock Market (2013), learns the following: "All of that turnover was having a real-world impact on stocks. Durbin says it's And with high frequency trading desks accounting for the majority of daily trading activity in stocks, options and commodities, Wall Street has become a place where machines are often trading with machines. This game is completely rigged in my view. Haim Bodek was a former trader for Hull Trading and Goldman Sachs who set up his own prop shop called Trading Machines. There are different ways to interpret Reg NMS directives on best price matching which leave room for dark pools and OTC to not match at the best price. That last part is an important addition. During trading Today, high-frequency trading so dominates the US stock market that it more-or-less is the stock market.