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 sureit 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 tsall 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
About the Author
Michael Durbin 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.
Table of Contents
Chapter 1 Busted 1
Chapter 2 Trading 101 9
Chapter 3 Trading Strategies 43
Chapter 4 Achieving Speed 95
Chapter 5 Under the Hood 131
Chapter 6 The High-Frequency Trading Debate 173
Now What? 195
Most Helpful Customer Reviews
This book describes, in fair detail, high frequency trading. It won't make you a high frequency trader, but it will give you an appreciation for how equity trading has changed. Individual traders cannot compete with the firms that employ HFT. Individuals are best served by using a "buy and hold" strategy. Read Prof. Jeremy Siegel's book, "Stocks for the long run". I recommend both books.