“Dark trading” has a subterranean connotation, as if it were
done by slithering snakes in the river Styx. In actuality, the term refers to
trading in stocks that is done on computers that are less public than the
exchanges. That is to say, the bid-and-ask quotations on a given computer
network are known only to participants on it, and not to the traders on the
public exchanges. Ethically, the public-private dichotomy is relevant. I submit
that it reflects a wider trend in American society.
The full essay is in Cases of Unethical Business, available in print and as an ebook at Amazon.com.
The full essay is in Cases of Unethical Business, available in print and as an ebook at Amazon.com.