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Scott Patterson

Flash Boys Puts a Flashlight on Dark, Predatory HFT Trading

Dennis M. Kelleher | Posted 04.03.2014 | Business
Dennis M. Kelleher

The industry counters by denying these facts and boldly claiming that they provide liquidity and lower costs, but it has been demonstrated that HFT is more often a liquidity taker than a liquidity provider and, if anything, raises the costs of trading.

Runaway High Speed Trading -- Protect Yourself

Nancy K. Humphreys | Posted 12.03.2012 | Business
Nancy K. Humphreys

What did the SEC do when it realized the danger to other investors from high-speed trading? Did it warn the American people? Order high speed trading to cease? Ban algorithms designed to cheat other investors? Absolutely not!

Fat Finger? No Way

Nancy K. Humphreys | Posted 10.06.2012 | Business
Nancy K. Humphreys

Speed traders make a fraction of a penny in fees, paid by stock exchanges, for each of the quadrillions of orders that traders can execute within mere seconds -- while losing no money, ever.

Is the Stock Market Rigged? (Excerpt)

Scott Patterson | Posted 08.27.2012 | Business
Scott Patterson

The question is explored broadly in Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System.

Where Are They Now?

The Huffington Post | Michelle Persad | Posted 05.09.2012 | Women

Sunday night fans of "Gilmore Girls" delighted as little Rory Gilmore (Alexis Bledel) guest starred in “Lady Lazarus,” the latest episode in seaso...

Scott Patterson and Janet Tavakoli Debate: Did Quants or Malfeasance (and Leverage) Cause the Financial Crisis?

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

What really caused the financial crisis? High leverage against assets that could only go down in value -- and the subsequent seize-up of funding due to nervousness about malfeasance.

Jon Stewart Interviews 'The Quants' Author: Did Physicists Bring Down Wall Street? (VIDEO)

Comedy Central | Posted 05.25.2011 | Books

Scott Patterson, the author of the new book, "The Quants," was on "The Daily Show" last night to talk to Jon Stewart about the physicists and mathemat...