All About High-Frequency Trading (All About)

by Michael Durbin

It is 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 profits - 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 profit from mispriced securities; statistical and algorithmic strategies used by high-frequency traders; technology and techniques for building a high frequency trading system; and, the ongoing debate over the benefits, risks, and ever-evolving future of high-frequency trading.
Everything You Need to Know, including: the internal configuration of a high-frequency trading system; comparisons of benefits and drawbacks, as well as analyses of inherent risks; who profits from high-frequency trading - and how they do it. 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.

• ISBN10: 0071743456
• ISBN13: 9780071743457
• Publish Date: 16 July 2010 (first published 1 January 2010)
• Publish Status: Active
• Publish Country: US
• Publisher: McGraw-Hill Education - Europe
• Imprint: McGraw-Hill Professional
• Format: eBook
• Pages: 240
• Language: English

Reviews

[remo]

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.