High-Frequency Trading: A Practical Guide to Algorithmic Strategies
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Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#2While it looks like an interesting book, there's no content here.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#3While it looks like an interesting book, there's no content here.
Also stuff like this only works in simulations, the actual trading fees make this totally unpractical.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#4I haven't read it, but the reviews it's getting seem pretty negative. The author is active on the related linkedin groups but doesn't seem to be willing to respond to the critical reviews, which completely puts me off from buying it.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#5While it looks like an interesting book, there's no content here.
Also stuff like this only works in simulations, the actual trading fees make this totally unpractical.
Liquidity providers get paid to trade on most exchanges (maker-taker model).
ETA: That's not to say this is a good book. It's not. I'd recommend Vidyamurthy's Pairs Trading and Harris's Trading and Exchanges, but there really aren't many good books on this style of trading--anyone who knows how to do it well has no incentive to write a book on it.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#6While it looks like an interesting book, there's no content here.
Also stuff like this only works in simulations, the actual trading fees make this totally unpractical.
Not if you're a giant broker with servers co-located in the same DC with the actual exchange.
The rest of us can go pound sand though.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#7i just did my taxes and theres no way i would punish myself that much to go through with high frequency trading
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#8Earlier quoted context omitted.
Also stuff like this only works in simulations, the actual trading fees make this totally unpractical.
Not if you're a giant broker with servers co-located in the same DC with the actual exchange. The rest of us can go pound sand though.
Giant broker = small privately held company?
The biggest players in this game are not massive NYC investment banks.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#9Earlier quoted context omitted.
Not if you're a giant broker with servers co-located in the same DC with the actual exchange. The rest of us can go pound sand though.
Giant broker = small privately held company? The biggest players in this game are not massive NYC investment banks.
Well.. the biggest player in the game is Goldman.
But, you're right in that there are a bunch of small hedge funds that are operating in this market, too. Still doesn't make it very accessible for those of us without a boatload of money up front to get access.
Re: High-Frequency Trading: A Practical Guide to Algorithmic Strategies
#10Earlier quoted context omitted.
Giant broker = small privately held company? The biggest players in this game are not massive NYC investment banks.
Well.. the biggest player in the game is Goldman. But, you're right in that there are a bunch of small hedge funds that are operating in this market, too. Still doesn't make it very accessible for those of us without a boatload of money up front to get access.
http://www.nasdaqtrader.com/trader.aspx?ID=topliquidity
GS isn't even top-5 on NASDAQ.
Professional trading was never cheap. The barrier to entry for becoming a high-frequency trading firm is much, much lower than becoming a NYSE specialist was a decade ago. You could co-locate there for a few million dollars, which is small money all things considered.