Summaries of books by Scott Patterson:
Dark Pools
The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
Scott Patterson
The book delves into the shadowy world of high-frequency trading, where sophisticated algorithms and computerized trading platforms have transformed the financial markets, often at the expense of traditional investors. It explores the technological arms race among traders, the impact on market stability, and the regulatory challenges posed by these rapid changes.
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The Quants
How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
Scott Patterson
The book delves into the world of quantitative finance and the impact of algorithmic trading on the financial markets, chronicling the rise of a group of mathematicians and computer scientists who used complex models to bet on market patterns. It also explores how their strategies contributed to the 2008 financial crisis, highlighting both the genius and the hubris of these Wall Street players.
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