Dark Pools examines how automated trading systems and private trading venues transformed the U.S. stock market. The book traces the spread of electronic hubs and the lightning-fast machines that execute trades in milliseconds, altering liquidity and competition.

It follows programmer Josh Levine and the development of Island, an early electronic trading venue that helped give rise to secretive dark pools where large orders move away from public exchanges. The narrative shows how algorithmic strategies can surpass human oversight and produce unforeseen market behavior.

Ideal for readers curious about market structure, trading technology, or financial regulation, the book offers clear explanations of complex systems and their real-world consequences.

• Explains dark pools and high-frequency trading
• Profiles trading innovators and algorithms
• Explores implications for investors and regulators

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