All About High-Frequency Trading

by Michael Durbin

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

Genres: Finance, Nonfiction

240 pages, Paperback

First published June 25, 2010

Reviews

[Tim O'Hearn · Rating 4 out of 5]

An accessible introduction to High-Frequency Trading (HFT). General enough so that it doesn't feel outdated. I suppose I would qualify as a practitioner and this book (however "primitive" by others' standards) helped sharpen the edges and reinforce existing knowledge.

If you're interested in the topic or if you're friends with high-frequency traders who won't shut up about their day jobs, this is the book you should purchase. There's not much else out there aside from Inside the Black Box.

[Gonzalo Fernández-Victorio · Rating 5 out of 5]

This is not an advanced book on HFT. It is an introduction to trading and HFT. And with that perspective, I really think it is a great book. From the very basics of names and concepts, to the most simple algorithms, to a more advanced example. This book has in a less than 200 pages a very good introduction on the topic, even to the point of dealing with both views of the "moral" issue (is HFT evil?)

[Mick Vermeulen · Rating 4 out of 5]

A nice introduction to HFT. What I liked most is the balance between trading theory and the practice of HFT: not only do you gain insight into the trading strategies used by HFTs but also how a HFT system could be build. The most surprising but fun part about this book for me was a walkthrough of a theoretical HFT system and what that system would do in real-time. Would recommend overall for beginners interested in the subject.

[Mariusz · Rating 5 out of 5]

Great introduction book to the HFT world, showing the landscape of many co-existing systems.

[Remo · Rating 4 out of 5]

Interesante libro que va más allá de una simple introducción y nos introduce en el primer escalón de la zona técnica acerca del trading de alta frecuencia.

El libro está escrito para principiantes pero acaba dando una detallada explicación sobre la arquitectura de un sistema HFT de complejidad no elemental, que está bien lograda.

El autor hace esfuerzos por no juzgar la tecnología y solo describirla, aunque hacia el final del libro (en el último capitulo, en el que precisamente se dedica a hablar de la polémica sobre el HFT) se ve que sus reticencias son mayores que sus apoyos.

Es un libro interesante para comenzar a comprender el HFT. Desde la perspectiva no técnica es fundamental Flash Boys, del siempre genial Michael Lewis.

[M · Rating 4 out of 5]

Good book that goes over the basic of HFT, strategies employed and design implementations. The author does a good job of keeping himself as neutral on his own stance.

[Freddie Barr-Smith · Rating 5 out of 5]

Lacks the preachy, moralising tone of many texts on the subject and just gives an accurate and effective description of strategies and technologies employed in the high frequency trading sector.

[Jovany Agathe · Rating 3 out of 5]

wow