The financial industry's leading independent research firm's forward-looking assessment into high frequency trading
Once regarded as a United States-focused trend, today, high frequency trading is gaining momentum around the world. Yet, while high frequency trading continues to be one of the hottest trends in the markets, due to the highly proprietary nature of the computer transactions, financial firms and institutions have made very little available in terms of information or how-to techniques. That's all changed with The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets. In the book, Zubulake and Lee present an overview of how high frequency trading is changing the face of the market. The book
- Explains how we got here and what it means to traders and investors
- Details how to build a high frequency trading firm, including the relevant tools, strategies, and trading talent
- Defines key components common to HFT such as algorithms, low latency trading infrastructure, collocation etc.
The High Frequency Game Changer takes a highly controversial and extremely complicated subject and makes it accessible to anyone with an interest or stake in financial markets.
Introduction xi
Acknowledgments xiii
Chapter 1 Birth of High Frequency Trading: Equity Markets Go Electronic 1
Defining High Frequency Trading 2
Who are the High Frequency Traders? 6
Impact of High Frequency Trading 9
Building a High Frequency Trading Team 13
Chapter 2 Market Structure 15
Order Handling Rules of 1997 16
Growth of Electronic Communication Networks 17
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