作者：ScottPatterson
出版社：CrownBusiness
副标题：TheRiseoftheMachineTradersandtheRiggingoftheU.S.StockMarket
出版年：2012-6-12
页数：368
定价：USD27.00
装帧：Hardcover
ISBN：9780307887177
内容简介
······
A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the "bots"- artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to out-maneuver the humans who've created them.
In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables.
By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters.
Dark Pools is the fascinating story of how global markets have been hijacked by trading robots–many so self-directed that humans can't predict what they'll do next.
评论 ······
Levine真是华尔街的扫地僧，看过的几本关于高频交易的书里最有料的一本，值得一看
整部机器交易的发展史啊 从1986年讲到了2012年春天…
作者痴迷弗兰肯斯坦、HAL之类的类比，文字夸张， 叙事在dark pool, HFT和quant的故事之间跳来跳去，略显混乱。但是这依然是最早的对于交易自动化历史最早的较为完整的叙述。
有批评说，这是美国证券电子化交易发展史，而非介绍金融暗池。其实作者已在注释中说明此暗池非彼暗池，是一种更广义的暗池。本质上它是以Joshua Levine为代表的极客，为剔除中间商和华尔街黑箱操作、让证券交易变得更便捷、透明、自由和廉价为目的，发展证券交易技术的历史。与量化交易注重金融统计不同，他们更注重交易速度所引发的AI算法和硬件竞争，最终却导致技术与其本意背道而驰，成为一种新的中间商，而速度…
评论前必须登录！
注册