The secrets of high-frequency trading revealed
"Edgar's book is fantastic . . . I recommend it highly."
--Bart Chilton, Commissioner, United States Commodity Futures
Trading Commission (CFTC)
"I have interviewed the most successful high-frequency traders
in New York and Chicago, but I have learned so much more by reading
Perez's book. He covers the most relevant topics we need to know
today and tomorrow."
--Mark Abeshouse, Chairman, Augustus Capital
"Alternating between an annotated timeline of the development of
high-frequency trading and interviews with top high-frequency
traders, Perez illuminates the world of speed. All in all, an
enlightening book."
--Brenda Jubin, contributor to Seeking Alpha
"This is a comprehensive and compelling summary of the trading
industry in general, as well as high-frequency trading. If you are
interested in this field or of knowing a critical component of all
future markets--read this book."
--Paul Dowding, Managing Director, Meridian Equity Partners
"Very timely, covers the 2010 Flash Crash and the current
high-frequency trading environment."
--Patrick Sweeney, Vice President, JP Morgan Chase
"There is a new day in trading and speed is the key. Edgar Perez
is the poster child."
--Eugene Steele, Managing Partner, Trading Rooms World Wide
About the Book:
High-frequency traders have been called many things--from
masters of the universe and market pioneers to exploiters, computer
geeks, and even predators. Everyone in the business of investing
has an opinion of speed traders, but how many really understand how
they operate? The shadow people of the investing world, today's
high-frequency traders have decidedly kept a low profile--until
now.
In "The Speed Traders," Edgar Perez, founder of the prestigious
business networking community Golden Networking, opens the door to
the secretive world of high-frequency trading (HFT). Inside,
prominent figures of HFT drop their guard and speak with
unprecedented candidness about their trade.
Perez begins with an overview of computerized trading, which
formally began on February 8, 1971, when NASDAQ launched the
world's first electronic market with 2,500 over-the-counter stocks
and which has evolved into the present-day practice of making
multiple trades in a matter of microseconds. He then picks the
brains of today's top players. Manoj Narang (Tradeworx), Peter van
Kleef (Lakeview Arbitrage), and Aaron Lebovitz (Infinium Capital
Management) are just a few of the luminaries who decided to break
their silence and speak openly to Perez. Virtually all of the
expertise available from the world of speed trading is packed into
these pages.
You'll get insight from HFT's most influential trailblazers on
the important issues, including: The basics of launching an HFT
platform The important role speed traders play in providing market
liquidity The real story behind the "flash crash" of May 2010
Emerging global HFT markets M&A and consolidation among the
world's biggest exchanges
"The Speed Traders" is the most comprehensive, revealing work
available on the most important development in trading in
generations. High-frequency trading will no doubt play an ever
larger role as computer technology advances and the global
exchanges embrace fast electronic access.
Essential reading for regulators and investors alike, "The Speed
Traders" explains everything there is to know about how today's
high-frequency traders make millions--one cent at a time.
General
Imprint: |
McGraw-Hill Professional
|
Country of origin: |
United States |
Release date: |
June 2011 |
First published: |
2011 |
Authors: |
Edgar Perez
|
Dimensions: |
234 x 160 x 20mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
256 |
ISBN-13: |
978-0-07-176828-3 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
0-07-176828-9 |
Barcode: |
9780071768283 |
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