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Darkness by Design

The Hidden Power in Global Capital Markets

Walter Mattli author

Format:Paperback

Publisher:Princeton University Press

Published:29th Jun '21

Should be back in stock very soon

Darkness by Design cover

An exposé of fragmented trading platforms, poor governance, and exploitative practices in today's capital markets

Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, shedding critical light on how the redistribution of power and influence has created new winners and losers in capital markets. Essential reading for anyone with money in the stock market, this compelling book challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.

ISBN: 9780691216867

Dimensions: unknown

Weight: unknown

264 pages