Jul

10

Dark Pools, from Jim Sogi

July 10, 2015 |

 I read Dark Pools recently, a great book about the development of the trading algorithms and computers that match buy and sell orders originally by Island, then ARCH then Nasdaq.

The author said that NYSE resisted them the whole way, and their computers and systems were patched together in a big mess, with patches upon patches.

Perhaps that is why today, when thing really counted, their systems crashed.

Not good at all.


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