Michael Durbin eBooks High Frequency Trading

Durbin's work provides a great foundation to better understand the exciting and exotic world of high frequency trading (HFT). In addition, for you IT fans (like me), he provides an interesting description of the IT requirements to build a successful HFT platform. Finally, in the last section of the book, Durbin covers some of the commonly debated pros and cons of HFT and its affect on market quality.

Durbin readily admits throughout the work that he isn't advertising the book as the 'secret sauce' to HFT. But that's ok: as an experienced industry player in the area of institutional trading on the 'buyside', you're getting a lot of bang for your buck and would offer that he is outlining the issues correctly and all the while keeping the reader engaged in the material. Did I need to read this book? Nope, this is part of my day job, but I like the topic and found little nuggets along the way that made it worth the read. Also, there is a whole section on IT that I have not been directly exposed to which I really enjoyed.

Finally, Durbin's background at Citadel, among other places, makes him a very credible author and in better postion to write a book on this topic than others I've seen around.

Bottom line? I think there is something in this book for everyone who is interested in the topic.

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 profi ts--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 profi t from mispriced securities
Statistical and algorithmic strategies used by high-frequency traders
Technology and techniques for building a high-frequency trading system
The ongoing debate over the benefi ts, risks, and ever-evolving future of high-frequency trading |||This book is sold in the US by Sony Electronics Inc.

Michael Durbin

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.

• 240 pages
• Publisher: McGraw-Hill; 1 edition (July 26, 2010)
• Language: English
• ISBN-10: 0071743448
• ISBN-13: 978-0071743440

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Michael Durbin eBooks High Frequency Trading

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