Description
Explore the transformative insights in the compelling book, 'Darkness by Design', which delves deep into the metamorphosis of capital markets over the last two decades. In this enlightening trade paperback by Princeton University Press, you will uncover how algorithmic high-speed trading and advanced supercomputing have revolutionized the trading landscape, eliminating traditional floor trading and human market makers. As centralized exchanges have splintered into a multitude of competing platforms, this book sheds light on the hidden dangers of market fragmentation and the emergence of 'dark' markets. The author meticulously argues that this redistribution of power is reshaping the dynamics between winners and losers in the financial sphere. Whether you are a seasoned investor or a newcomer to the stock market, 'Darkness by Design' is essential reading to understand the implications of concentrated market power on the global economy and society. With its critical examination of how unchecked economic forces operate, this book is a must-have for anyone looking to navigate the complexities of modern capital markets. Perfect for those interested in finance, economics, or policy, this brand new edition offers a fresh perspective on the tumultuous changes in financial systems. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780691216867
Format: Trade paperback (US)
Year: 2021
Publisher: Princeton University Press
Description:
Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralised exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and 'dark' markets, shedding critical light on how the redistribution of power and influence has created new winners and losers in capital markets. Essential reading for anyone with money in the stock market, this compelling book challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9780691216867
Format: Trade paperback (US)
Year: 2021
Publisher: Princeton University Press
Description:
Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralised exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and 'dark' markets, shedding critical light on how the redistribution of power and influence has created new winners and losers in capital markets. Essential reading for anyone with money in the stock market, this compelling book challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.