A DETAILED PRIMER ON TODAY'S MOST SOPHISTICATED AND CONTROVERSIAL TRADING TECHNIQUE
Unfair . . . brilliant . . . illegal . . . inevitable. High-frequency trading has been described in many different ways, but one thing is for sure--it has transformed investing as we know it.
All About High-Frequency Trading examines the practice of deploying advanced computer algorithms to read and interpret market activity, make trades, and pull in huge profi ts—all within milliseconds. Whatever your level of investing expertise, you'll gain valuable insight from All About High-Frequency Trading's sober, objective explanations of:
The markets in which high-frequency traders operate
How high-frequency traders profi t from mispriced securities
Statistical and algorithmic strategies used by high-frequency traders
Technology and techniques for building a high-frequency trading system
The ongoing debate over the benefi ts, risks, and ever-evolving future of high-frequency trading
is an author and financial technology consultant specializing in the high-frequency trading of derivatives. He has taught at Duke University's Fuqua School of Business and the University of North Carolina's Kenan-Flagler Business School. Durbin lives near Washington, DC.
Keywords: ELECTRONIC FINANCIAL MARKETS, ALGORITHMIC, STRATEGY, STRATEGIES, STRATEGIC, HFT, TRADING OR AUTOMATED TRADING, ALSO KNOWN AS ALGO TRADING, BLACK-BOX TRADING OR ROBO TRADING, GOLDMAN SACHS, NASDAQ, DOW, DIP, PLUNGE, WALL STREET, FLASH CRASH, PANICK, SELLOFF, COLLAPSE, DUBAI, CITIGROUP, TRADEBOT SYSTEMS, TRADEWORX, AUTOMATED TRADING DESK, AUTOMATE, AUTOMATION, TECHNICAL, TECHIE, MATH, TECHNOLOGY, TECHNOLOGIES, MATHEMATICAL, COMPUTER, COMPUTING, COMPUTERIZE, COMPUTERIZATION, PROGRAM, PATTERN, RECOGNITION, TIMING, PRICE, INITIATE, BROKER DEALER, FIXATDL, FIX, LANGUAGE, 1.0, 1.1, HUMAN, INTERVENTION, PENSION FUN, MUTUAL FUND, GLOBAL, GLOBALIZATION, QUANTITY, BUY SIDE, MARKET, STOCK MARKET, MARKET IMPACT, RISK, MANAGEMENT, HEDGE, MARKET MAKER, PROCESS, PROCESSING, MILISECOND, MILLISECOND, NANOSECOND, INTER-MARKET, SPREAD, SPREADING, ARBITRAGE, SPECULATION, TREND, AUTOPILOT, AITE GROUP, LONDON, EU, AMERICAN, FOREIGN, EXCHANGE, TABB, BOND, FUTURES, OPTIONS, SECURITY, SECURITIES, DOY, SUPER DOT, OARS, SOR, SMART ORDER ROUTING, EQUITY, INDEX, S&P, A&P, PROGRAM TRADING, BRADY REPORT, DECIMALIZATION, MICROSTRUCTURE, LIQUIDITY, STEALTH, DEUTSCHE BANK, CREDIT SUISSE, STATISTIC, STATISTICAL, MEAN REVERSION, LATENCY, DELAY, TRANSMIT, TRANSMISSION, REGENERATE, ROUT, ROUTING, ICEBURG, DAGGER, GUERILLA, GUERILA, SNIPER, SNIPE, SNIFFER, SNIFF, DARK POOL, PING, PINING, PINGED, JEFFERIES, RENAISSANCE, REAL TIME, COLCOCATED, REVERSE ENGINEER, NEURAL NETWORK, BLACK MONDAY, FINANCIAL SERVICES AUTHORITY, LORD MYNERS, BLACK BOX, ORDER MANAGEMENT SYSTEM, EXECUTION MANAGEMENT SYSTEM, FIX PROTOCOL, CONGRESS, REGULATE, REGULATION, TAX, OUTLAW, ILLEGAL, ALL ABOUT HIGH FREQUENCY TRADING, DURBIN