Summary:
The book examines the transformation of global financial markets due to the rise of high-frequency trading and the shift towards unregulated dark pools, arguing that these changes have increased systemic risk and inequality. It critiques the lack of transparency and accountability in the current market structure, suggesting that these developments benefit a select group of insiders at the expense of the broader public interest.
Key points:
1. Market Fragmentation: Deregulation and tech advances have split financial markets into many trading venues, causing inefficiencies and regulatory challenges. Some exploit these gaps, harming market integrity and average investors.
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