Chapter 1: Introduction
To say that electronic algorithmic trading has disrupted the financial environment is truly an understatement. Algorithmic trading has transformed the financial markets—from the antiquated days of manual labor, human interaction, pushing, yelling, shoving, paper confirmations, and the occasional fist-fight—into a system with electronic audit trails and trading facilitated using computers, complex mathematical formulas, machine learning, and artificial intelligence.
Nowadays, the trading floors of these antiquated exchanges more resemble a university library than they do a global center of trade and commerce. Many of the glamourous trading floors of years ago, such as the floor of the New York Stock Exchange, have ...
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