- Princeton University Press
Darkness by Design: The Hidden Power in Global Capital Markets
Key Metrics
- Walter Mattli
- Princeton University Press
- Paperback
- 9780691216867
- -
- -
- Political Science > Political Economy
- English
Book Description
An expos� 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.
Author Bio
I joined Oxford University in 2004 and was Tutorial Fellow in Politics and Professor of International Political Economy in the Department of Politics and International Relations until July 2020. From 1995 until 2004 I taught at Columbia University in New York where I was Associate Professor of International Political Economy and a member of the Institute of War and Peace Studies.
I received my undergraduate degree from the University of Geneva and my Ph.D. from the University of Chicago. Before beginning my graduate studies, I worked in international banking in New York.
I have held fellowships at the Wissenschaftskolleg (Institute for Advanced Studies) in Berlin, Princeton University and the European University Institute in Florence.
In 1995, I was awarded the Helen Dwight Reid Award of the American Political Science Association, in 2003 the JP Morgan International Prize in Finance Policy and Economics of the American Academy in Berlin, in 2006 a two-year British Academy Research Fellowship and in 2015 a British Academy/Leverhulme Trust Senior Research Fellowship. I am co-editor (with Liesbeth Hooghe and Gary Marks) of a new book series with Oxford University Press titled Transformations in Governance. I am a member of the Editorial Boards of the Review of International Political Economy and the European Journal of Political Research and also serve on the Executive Board of Regulation & Governance.
Publications
My publications include
- The Logic of Regional Integration: Europe and Beyond (Cambridge University Press, 1999);
- The Politics of Global Regulation (Princeton University Press, 2009, with Ngaire Woods, eds), awarded special recognition by the 2010 Levine Prize Committee of the International Political Science Association;
- The New Global Rulers: the Privatization of Regulation in the World Economy (Princeton University Press, 2011, with Tim Büthe), winner of the 2012 Best Book Award of the International Studies Association;
- Institutional Choice and Global Commerce (Cambridge University Press, 2013, with Joseph Jupille and Duncan Snidal);
- International Arbitration and Global Governance: Contending Theories and Evidence (Oxford University Press, 2014, with Thomas Dietz, eds);
- Global Algorithmic Capital Markets: High Frequency Trading, Dark Pools, and Regulatory Challenges (Oxford University Press, 2018, ed.);
- Darkness By Design (Princeton University Press, 2018);
- as well as articles on European legal integration, EU enlargement, comparative regional integration, international commercial dispute resolution, transatlantic regulatory cooperation, financial regulation, globalisation and international governance.
Source: St John's College Oxford
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