All About High-Frequency Trading

by Michael Durbin

Overview

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

Product Details

ISBN-13:	9780071743457
Publisher:	McGraw Hill LLC
Publication date:	07/16/2010
Series:	All About Series
Sold by:	Barnes & Noble
Format:	eBook
Pages:	240
File size:	4 MB

About the Author

Michael Durbin is a writer, educator, and software engineer specializing in high-frequency trading of financial derivatives. He is an adjunct professor at Duke University's Fuqua School of Business and the University of North Carolina's Kenan-Flagler Business School.

Table of Contents

Chapter 1. Trading at the Speed of a Hummingbird's Wing; Chapter 2. The High-Frequency Trading Operation; Chapter 3. Benefits and Risks of High-Frequency Trading; Chapter 4. The Evolution of High-Frequency Trading; Chapter 5. The Total High-Frequency Trading Market; Chapter 6. Inside the High-Frequency Trading System; Chapter 7. High-Frequency Trading Regulation and Oversight; Chapter 8. The Future of High-Frequency Trading