Darkness by Design

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A01=Walter Mattli
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Algorithmic trading
Alternative trading system
Arbitrage
Asset
Asset management
Auction
Author_Walter Mattli
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Barclays
Block trade
Broker-dealer
Brokerage firm
Business ethics
Capital market
Category1=Non-Fiction
Category=GTQ
Category=JFFS
Category=JPS
Category=JPZ
Category=KCL
Category=KCP
Category=LB
Commission Broker
Commodity
Competition
COP=United States
Corporation
Customer
Dark Pool
Delivery_Delivery within 10-20 working days
Demutualization
Economy
Electronic trading
Electronic trading platform
eq_business-finance-law
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eq_non-fiction
eq_society-politics
Equity Market
Expense
Financial instrument
Financial services
Front running
Globalization
Goldman Sachs
Good governance
Governance
High-frequency trading
Income
Information asymmetry
Insider
Institutional investor
Investment
Investor
Language_English
Market (economics)
Market capitalization
Market data
Market liquidity
Market maker
Market participant
Market structure
Market trend
Merrill Lynch
Morgan Stanley
NASDAQ
New York Stock Exchange
Open outcry
Order book (trading)
Orderly Market
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Price Change
Price discovery
Price Improvement
Price_€20 to €50
Pricing
Profit (economics)
Proprietary trading
PS=Active
Quote stuffing
Security (finance)
Share price
softlaunch
Speculation
Stock exchange
Stock market
Supply and demand
Technology
Trader (finance)
Trading strategy
Transaction cost

Product details

  • ISBN 9780691216867
  • Dimensions: 156 x 235mm
  • Publication Date: 08 Jun 2021
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Product Form: Paperback
  • Language: English
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An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital markets

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 centralized 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.

Walter Mattli is professor of international political economy and a fellow of St. John's College, University of Oxford. His books include The New Global Rulers: The Privatization of Regulation in the World Economy (Princeton).