Dark Pools: The Rise of Artificially Intelligent Trading Machines and the Looming Threat to Wall Street

Dark Pools: The Rise of Artificially Intelligent Trading Machines and the Looming Threat to Wall Street - Scott Patterson The author covers the material so well that even for those who aren't interested in the development of electronic trading will find the story an exciting read. He puts the context around the development and has written the definitive history on the subject.

I'm a big fan of "The Singularity is Near" by Ray Kurzweil and I thought a lot of his telling of the story was influenced by Ray Kurzweil's thinking on AI and such. Near the very end of the book the author brings up Kurzweil and his thinking. He really didn't fit into the story's arc, but I took it as an ode to Kurzweil.

I warn you. The book will give you a queasy feeling in your stomach because he documents so thoroughly how the HST (high speed traders) are systematically taking money away from us because there is not a level playing field for small players like us who invest through our mutual funds or individual stocks and ETFs.