Darkness by Design: The Hidden Power in Global Capital Markets - Softcover

Mattli, Walter

Softcover

ISBN 10: 069121686X ISBN 13: 9780691216867

Publisher: Princeton University Press, 2021

Synopsis

An exposé 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, shedding critical light on how the redistribution of power and influence has created new winners and losers in capital markets. Essential reading for anyone with money in the stock market, this compelling book 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.

About this title

About the Author

Walter Mattli is professor of international political economy and a fellow of St. John's College, University of Oxford. His books include The New Global Rulers: The Privatization of Regulation in the World Economy (Princeton).

Edition details

• Publisher: Princeton University Press
• Publication date: 2021
• Language: English
• ISBN 10: 069121686X
• ISBN 13: 9780691216867
• Binding: Paperback
• Number of pages: 264