[PDF / Epub] ☃ Darkness by Design Author Walter Mattli – Heartforum.co.uk An exposé of fragmented trading platforms poor governance and exploitative practices in today’s capital marketsCapital markets have undergone a dramatic transformation in the past two decades Algor An exposé of fragmented trading platforms poor governance and exploitative practices in today’s capital marketsCapital 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 Darkness by Epub / 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 powerfulWalter 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 freuently 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 everyoneEssential 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.
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 and The Politics of Global Regulation both Princeton He lives in Darkness by Epub / Oxford England.
- 264 pages
- Darkness by Design
- Walter Mattli
- 02 October 2016 Walter Mattli