Dark Pools

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• AndrewKemendo · Sep 23, 2016 · Recommends

  …Intelligent Investor Galbraith - The Affluent Society Galbraith - The Great Crash Milton Friedman - Capitalism and Freedom Nassim Taleb - Black Swan Ron Suskind - Confidence Men Scott Patterson - Dark Pools If you want to delve into heterodox economics afterward, start with the following: Hayek - Individualism and Economic Order Mises - Human Action Rothbard - Man, Economy, State

  on “Ask HN: What are the must-read books about economics/finance?” ↗
• chollida1 · Dec 18, 2014 · Recommends

  …Don't be afraid to go back to basics. On his book recommendations, Trading and Exchanges is awesome. Michael Lewis' Flash boys is not, read Scott Patterson's DarkPools instead http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/... If you are determined to read Flash Boys then atleast read the counter argument by a HFT https://news.ycombinator.com/item?id=8577237 Its a much more enlightening read…

  on “How to Get a Job in Algorithmic Trading” ↗
• chollida1 · Feb 6, 2015 · Recommends

  The book DarkPools does a decent job of describing the rise of machine based trading that eventually replaced pit traders. http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/... Good riddance, the markets are better off in almost every way but removing pit traders. - end of day's reconcile, -machines aren't tempted to "lose" trade tickets…

  on “Turn Out the Lights, the Party’s Over” ↗
• MichaelGG · Jul 30, 2016 · Recommends

  …increments of a penny, which is a lot, try, say, 1/100,000th of a penny (8 digit precision on the price). If we accept financial services as a whole to be OK, then HFT certainly is. I'd suggest the book "Dark Pools": https://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp... It describes how automatic trading started. If you're a programmer, you'll probably have your mouth hanging open realising how up-for-grabs…

  on “Speed Traders Invade Sleepy Corner of England, Locals Bristle” ↗
• unreal37 · Jul 30, 2012 · Recommends

  I recommend the book "Dark Pools" by Scott Patterson[1]. It is an account of how traders beat each other by microseconds to get an order in, and can find and exploit every possible way they can in order to get an advantage. There is…

  on “And then the music stopped ” ↗
• kasey_junk · Jun 30, 2014 · Recommends

  As someone who has worked in the industry, Flash Boys is literally the worst intro you could find into electronic trading. Dark Pools by Scott Patterson is much, much better (and even it gets basic facts incorrect).

  on “The Dark Pool Iceberg” ↗
• kasey_junk · Feb 13, 2015 · Recommends

  …If you are interested in HFT you are better off quite literally not reading that book than reading it. It is very biased and largely inaccurate. If you want to read narrative non-fiction about HFT, "Dark Pools" by Patterson, which also has its mistakes, is much better.

  on “Online Algorithms in High-Frequency Trading” ↗
• goldstone26 · Oct 14, 2019 · Recommends

  …because they can't afford ultra-efficient trillion dollar supply chains. It's not illegal, it's objectively more efficient, and the only thing that prevents anyone from "just doing it too" is capital. "Dark Pools" by Scott Patterson is a much more educated and in-the-know look at electronic trading.

  on “The stockmarket is now run by computers, algorithms and passive managers” ↗
• patrickdavey · Nov 21, 2013 · Recommends

  http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/... Good book. HFT gives the illusion of liquidity - can dry up real quick and if things go wrong, well, as suggested below, you get the Flesh Crushes ;)

  on “High Frequency Dating” ↗
• tptacek · Jul 3, 2015 · Recommends

  …best possible way reads like a long-form ELI5 Reddit post about modern trading and all the WTFWAT moments in Lewis' book: http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-F... Patterson's _Dark Pools_ which tells the story of Island and the ECNs and the advent of automated trading. Patterson is more ambivalent about HFT than Kovacs, and does a good job of explaining the Core Wars phenomenon of modern…

  on “A trading platform that outlaws what it sees as abusive practices ” ↗
• MrUssek · Jul 12, 2023 · Recommends

  While they are out of date and not too technical (and arguably, quite biased), the two books that I've enjoyed the most on this topic are: 1. Dark Pools, by Scott Patterson, and 2. Flash Boys, by Michael Lewis.

  on “Ask HN: I am interested in reading about techniques HFT firms use” ↗
• russtrpkovski · Jun 27, 2012 · Recommends

  If you are interested, check out the book below. Good read: http://www.amazon.com/Dark-Pools-High-Speed-Traders-Financia...

  on “Mark Cuban: High-Frequency Traders Are the Ultimate Hackers” ↗
• relaxitup · Apr 15, 2013 · Recommends

  mikevm, check out Dark Pools by Scott Patterson. Great book about the evolution of HFT: http://www.amazon.com/Dark-Pools-High-Speed-I-Financial/dp/0...

  on “Show HN: I'm building an open-source, high-frequency trading system” ↗
• kasey_junk · Jun 30, 2014 · Recommends

  No he doesn't. Either through ignorance, incompetence, or malice he wrote a pretty terrible book about dark pools and HFTs. Dark Pools by Patterson is much better and even it misses on lots of details.

  on “The Dark Pool Iceberg” ↗
• phyalow · Jul 22, 2016 · Recommends

  1. Beating the Street - Peter Lynch 2. More Money than God - Sebastian Mallaby 3. Dark Pools - Scott Patterson

  on “Ask HN: What three books impacted your career the most?” ↗

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