Global Algorithmic Capital Markets High Frequency Trading, Dark Pools, and Regulatory Challenges

Walter Mattli, "Global Algorithmic Capital Markets: High Frequency Trading, Dark Pools, and Regulatory Challenges"
English | ISBN: 0198829469 | 2019 | 384 pages | PDF | 3 MB
Global capital markets have undergone fundamental transformations in recent years and, as a result, have become extraordinarily complex and opaque. Trading space is no longer measured in minutes or seconds but in time units beyond human perception: milliseconds, microseconds, and even nanoseconds. Technological advances have thus scaled up imperceptible and previously irrelevant time differences into operationally manageable and enormously profitable business opportunities for those with the proper high-tech trading tools. These tools include the fastest private communication and trading lines, the most powerful computers and sophisticated algorithms capable of speedily analysing incoming news and trading data and determining optimal trading strategies in microseconds, as well as the possession of gigantic collections of historic and real-time market data.