Dark Pools - Scott Patterson

From the origins of electronic trading to 2012, the history of how one major change take place in Wall Street and continue to trouble the finance environments. In the '80s it was only orders named SOES small order execution system via computer that through many passage create an superfast world of exchanges that now the SEC try to regulate in order to avoid the flash crash market & unfair competition. The book testifies various stories of people that had worked for finance industry or maybe as Haim Bodek has changed him point of view to tell on the legals problems of actual situation. This phenomenon is described as escaped from hand, and pose many questions about USA financials markets that now increasingly show loopholes for these firms of HFT and for simple meaning that seem to be less attractive and even unequal for market makers.

The problem of HFT - Haim Bodek

A brief complex book about the actual regulation 610/11 of U.S. national market system and the problems created by High Frequency Trading firms formed past 5 years. The chapters faces the HFT type of orders, spam and cancel, hide & light, intermaket sweep orders. We also note that is work in progress in 2013 via second part in outlook, it contain various proposals for strenghtens the actual rules by eliminate the bottleneck that favour e.g. the jump order type in the queue that almost make a gain for HFT and compromise the long term investors. Ends with some interviews to the author & the texts of rules 610/11.