Coverart for item
The Resource Darkness by design : the hidden power in global capital markets, Walter Mattli

Darkness by design : the hidden power in global capital markets, Walter Mattli

Label
Darkness by design : the hidden power in global capital markets
Title
Darkness by design
Title remainder
the hidden power in global capital markets
Statement of responsibility
Walter Mattli
Creator
Author
Subject
Language
eng
Summary
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 fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and "dark" markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful. Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world's leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today's fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone. Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole
Cataloging source
YDX
http://library.link/vocab/creatorName
Mattli, Walter
Dewey number
332.0414
Illustrations
illustrations
Index
index present
LC call number
HB1-130
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
Capital market
Target audience
adult
Label
Darkness by design : the hidden power in global capital markets, Walter Mattli
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 225-239) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1051135093
Dimensions
24 cm
Extent
x, 248 pages
Isbn
9780691180663
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Note
332.041 M435 ; XX-N ; [A18BP175, #14, 4@29.95, wjm/ ]
Other physical details
illustrations (black and white)
System control number
  • (Sirsi) 1051135093
  • (OCoLC)1051135093
Label
Darkness by design : the hidden power in global capital markets, Walter Mattli
Publication
Bibliography note
Includes bibliographical references (pages 225-239) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1051135093
Dimensions
24 cm
Extent
x, 248 pages
Isbn
9780691180663
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Note
332.041 M435 ; XX-N ; [A18BP175, #14, 4@29.95, wjm/ ]
Other physical details
illustrations (black and white)
System control number
  • (Sirsi) 1051135093
  • (OCoLC)1051135093

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