All About High-Frequency Trading

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 profits---all within milliseconds.
A DETAILED PRIMER ON TODAY'S MOST SOPHISTICATEDAND CONTROVERSIAL TRADING TECHNIQUEUnfair . . . 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 insightfrom All About High-Frequency Trading's sober, objective explanations of:The markets in which high-frequency traders operateHow high-frequency traders profit from mispriced securitiesStatistical and algorithmic strategies used by high-frequency tradersTechnology and techniques for building a high frequency trading systemThe ongoing debate over the benefits, risks, and ever-evolving future of high-frequency tradingEverything You Need to Know, Including:The internal configuration of a high-frequency trading systemComparisons of benefits and drawbacks, as well as analyses of inherent risksWho profits from high-frequency trading--and how they do itMichael 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.