Video description
In today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, a new approach to trading-automated high-frequency trading or HFT-began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms.
In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal-light in a vacuum-can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges' systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading.
Product information
- Title: Trading at the Speed of Light
- Author(s):
- Release date: May 2021
- Publisher(s): Ascent Audio
- ISBN: 9781663712677
You might also like
book
The Non-Timing Trading System
This book will teach you a low risk strategy that will give you consistent average yearly …
audiobook
The Origin of Capitalism
How did the dynamic economic system we know as capitalism develop among the peasants and lords …
book
Can Do Writing™: The Proven Ten-Step System for Fast and Effective Business Writing
A simple, ten-step system for mastering the art of effective, persuasive business or technical writing "The …
book
The Investment Industry for IT Practitioners: An Introductory Guide
Giving IT professionals in financial services firms a rounded and comprehensive grounding in their knowledge of …