Monday July 6, 2020

How robots run the markets

Dark Pools by Scott Patterson. RH Business Books, €16.35. Reviewed by Jon Ihle.

22nd September, 2012
Technology is playing an increasingly important part in market trading. Photo: Getty

Dark Pools


Last Monday, the price of oil - a basic commodity bought and sold widely in seemingly transparent markets across the globe - plunged by $4 in a spasm of high-volume trading before rebounding within 30 minutes to its earlier level. And nobody knew why. By midweek, traders, analysts and regulators were still in the dark.

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