An excellent book on the evolution of the electronic trading networks and high frequency trading, Reviewed in the United States on June 28, 2013. There’s Goldman coming in. By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters. We can’t understand why this is allowed to continue, because at the core, it is pure manipulation.”, “The morning of the offering, NYSE officials on the floor passed out silver bells emblazoned with NYX on the handle. Like mutual funds, ETFs represent a basket of stocks, bonds, or other assets such as gold. He began to stir out of his morning torpor as the start of the trading day neared. Dark Pools are private stock exchanges where millions of shares are traded but not reported for up to 24 hours. Through that December morning and into the afternoon, Bodek sat immobile in his chair, mesmerized by his stack of screens. Ever since, his taste in music had gone one way: loud, angry, violent. background: url("https://images-na.ssl-images-amazon.com/images/G/01/amazonui/loading/loading-4x._V1_.gif") 50% 50% no-repeat; Bodek had personally designed the algos using a branch of artificial intelligence called expert systems. 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