Dark Pools: The rise of A.I. trading machines and the looming threat to Wall Street - Softcover

"As an exposition of Wall Street nerdcraft, Dark Pools truly delivers ... Patterson's tales of ingenuity and cunning read like a spy novel." (Jon Ihle Sunday Business Post)

"Gruelling and terrifying, Patterson questions the future of the human inquisitve mind." (European CEO)

In Dark Pools, Wall Street Journal reporter Scott Patterson tells the story of the group of whizzkids who applied their computer programming genius to the invention of ‘robot versions of Warren Buffett’. As they did so, they created a radically new trading system in which machines trade anonymously with other machines, making and losing fortunes in the blink of an eye. This state-of-the-art technology has transformed the financial markets, but it has also raised some disturbing questions. If computers are trading with each other, does that mean that people have lost control? How can this system be monitored, let alone regulated? And if it all comes crashing down, whose fault will it be?

Pacy, fascinating and revealing, Dark Pools takes the lid off the new-look financial markets, and comes to some chilling conclusions.