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The Trolls of Wall Street: How tech-savvy retail traders changed markets

In sum, this book provides a fair degree of insight into a new breed of traders, who treat financial markets like any other video-game and crowd-source insights

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Devangshu Datta

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The Trolls of Wall Street:  How the outcasts and insurgents are hacking the markets
Author: Nathaniel Popper
Publisher: Harper Collins
Pages: 342 
Price: Rs 599

This well-written, well-researched book chronicles the entry of droves of new, tech-savvy, retail traders into financial markets over the past few years, and how that has changed the trading landscape. Though it is US-centric, readers will note resonances with India and other large markets.

Nathaniel  Popper delves into the sociological underpinnings of this shift in trading dynamics, which started well before the pandemic but accelerated dramatically through the lockdown period. The focus is on the huge groups