Shadows on Wall Street

Beschreibung

The stock market you see on the news is just the tip of an invisible, trillion-dollar iceberg.
When the average investor thinks of the stock market, they picture the bustling floor of the New York Stock Exchange or a transparent, ticking digital ticker. The reality is far more opaque. Nearly half of all stock trades currently executed in the United States do not happen on public exchanges. They happen in the dark. Shadows on Wall Street pulls back the curtain on "Dark Pools," the private, largely unregulated financial exchanges operated by massive mega-banks and institutional investors. Originally designed to allow massive block trades without causing sudden market panic, these hidden networks have evolved into the primary battleground for algorithmic trading and hidden market influence. The book details the staggering volume of off-exchange trading and how it fundamentally distorts price discovery for the retail investor. It explains the mechanics of how high-frequency traders exploit these pools, executing trades in microseconds based on information the public cannot see. Equip yourself with the knowledge of how modern finance actually functions. By understanding the invisible plumbing of the dark pools, you can better navigate the sudden, inexplicable shifts in the market that blindside traditional investors.

Autor*in

Jay T. Goff
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Themen in »Shadows on Wall Street«

dark pools wall street off exchange trading market manipulation algorithmic finance institutional investing shadow banking system liquidity mechanics

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