Darkness by Design: The Hidden Power in Global Capital Markets

(Hardback)

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Description

An expose 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 fai

Reviews

"There are few books on the structure and governance of equity markets, and even fewer that can be enjoyed by new and experienced readers . . . Mattlis sets a high standard."---David Murphy, Open Letters Review
"Mr Mattlis book is a delightful chronicle of the changes in the way trading-related information has flowed"---Namit Gupta, Business Standard
"What Mattli shows in his study of the New York Stock Exchange is that, prior to 1970, it is quite possible to believe that capitalists did behave with a degree of honour and regard for the public good in the way they conducted business."---Don Flynn, Chartist
"Mattlis book is both lucid and short, two priceless qualities in discussing market structure."---David Morris, Financial News

Author Bio

Walter Mattli is professor of international political economy and a fellow of St. Johns College, University of Oxford. His books include The New Global Rulers: The Privatization of Regulation in the World Economy and The Politics of Global Regulation (both Princeton). He lives in Oxford, England.