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An expose 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, some of which are deliberately designed to enable the…
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Editions
3 editions- Hardcover · English · 2019Princeton University Press · 264 pages · 9780691180663
- Other · English · 2021Princeton University Press · 264 pages · 9780691216867
- Other · English · 2019Princeton University Press · 264 pages · 9780691185699
FinanceCapital marketInternational financeInternational economic relationsFinance and AccountingB©œrsenrechtInternationaler KapitalmarktMachtstruktur