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The High Frequency Game Changer:

How Automated Trading Strategies Have Revolutionized the Markets (Google eBook)
Front Cover
1 Review
John Wiley & Sons, Feb 16, 2011 - Business & Economics - 208 pages
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.

  

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Review: The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets

User Review  - Luc - Goodreads

This is a technical book about the High Frequency Trading insdustry. It gives valuable information about the evolution and trends of the financial markets regarding electronic trading platforms ... Read full review

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Contents

Introduction
Who are the High Frequency Traders? 6
Building a High Frequency Trading Team 13
Regulation National Market System 22
Market Fragmentation versus Competition 28
Trading Infrastructure 47
Ticker Plant 54
CONTENTS
Fixed Income 84
Equity Options 92
Positives and Possibilities 105
Finding the Next Opportunity 111
Contents ix
The PseudoSemantic Web 125
Creating Transparency and Accountability for Derivatives 137
Glossary 143

Liquidity 71
Examples of Algorithms 77
About the Authors 149
Copyright

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About the author (2011)

PAUL ZUBULAKE is a senior analyst at Aite Group, LLC, specializing in financial, energy and commodities futures, and options markets. His expertise includes how the application of technology, such as algorithmic trading and FIX protocol, is playing an ever-increasing role in futures and options trading.

SANG LEE is a cofounder of Aite Group, LLC and currently serves as the managing partner. Mr. Lee's expertise lies in the securities and investments vertical and has advised many global financial institutions, software/hardware vendors, and professional services firms in sell-side and buy-side electronic trading technology and market structure.

Lee and Zubulake have both been quoted extensively in the media, including in the Wall Street Journal, New York Times, the Washington Post, Financial Times, Business Week, Reuters, the Chicago Tribune, and other publications.

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