The Speed Traders May 18, 2011

  
The Speed Traders
An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World

Author: Edgar Perez
ISBN: 9780071768283 / 0071768289
©2011 | 1st Edition | 256 pages | Hardback
Pub Date: APR-11
Price: US$ 28.00
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The secrets of high-frequency trading revealed!

High-frequency traders have been called many things—from masters of the universe and market pioneers to exploiters, computer geeks, and even predators. Everyone in the business of investing has an opinion of speed traders, but how many really understand how they operate? The shadow people of the investing world, today’s high-frequency traders have decidedly kept a low profile—until now.

In The Speed Traders, Edgar Perez, founder of the prestigious business networking community Golden Networking, opens the door to the secretive world of high-frequency trading (HFT). Inside, prominent figures of HFT drop their guard and speak with unprecedented candidness about their trade.

Perez begins with an overview of computerized trading, which formally began on February 8, 1971, when NASDAQ launched the world’s first electronic market with 2,500 over-the-counter stocks and which has evolved into the present-day practice of making multiple trades in a matter of microseconds. He then picks the brains of today’s top players. Manoj Narang (Tradeworx), Peter van Kleef (Lakeview Arbitrage), and Aaron Lebovitz (Infinium Capital Management) are just a few of the luminaries who decided to break their silence and speak openly to Perez. Virtually all of the expertise available from the world of speed trading is packed into these pages.

You’ll get insight from HFT’s most influential trailblazers on the important issues, including:

• The basics of launching an HFT platform
• The important role speed traders play in providing market liquidity
• The real story behind the “flash crash” of May 2010
• Emerging global HFT markets
• M&A and consolidation among the world’s biggest exchanges

The Speed Traders is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access.

The Speed Traders explains everything there is to know about how today’s high-frequency traders make millions—one cent at a time.

Interview

1. CNBC, June 23
2. Business News Network (BNN), August 19
3. TheStreet.com, September 6

About the Author

Former McKinsey consultant and Columbia Business School MBA, Edgar Perez (new York, NY) is founder of Golden Networking (www.goldennetworking.net), premier networking community for business executives, entrepreneurs, investors and diplomats. Golden Networking has been frequently featured in the press, including recent articles in the Wall Street Journal, “Happy Hour for High-Frequency Trading,” the New York Times, “Golden Networking Helps Job Seekers Make Overseas Connections,” Los Angeles Times, “Speed-addicted traders dominate today’s stock market,” Reuters, “Revamp looms as trading experts huddle at SEC,” and Columbia Business School’s Hermes Alumni Magazine, “10 Under 10.” High-Frequency Trading and Edgar Perez’s Golden Networking have become interconnected. Edgar Perez is host of the popular monthly High-Frequency Trading Happy Hour business receptions in New York City, events that draw hundreds of practitioners every time and were recently featured in The Wall Street Journal.

Other books you might be interested:

1. 9780071486644     Way of the Turtle
2. 9780071743440     All About High-Frequency Trading

Table of Contents

Chapter 1. Manoj Narang (Tradeworxs)
Chapter 2. Stuart Theakston (GLC Ltd.)
Chapter 3. Mark Holt (BlueCrest Capital)
Chapter 4. Aaron Lebovitz (Infinium Capital Management)
Chapter 5. Richard Flom, Systematic Alpha Management’s Head Trader
Chapter 6. Aaron Lebovitz, Infinium Capital Management’s Managing Director
Chapter 7. Peter Van Kleef, Lakeview Arbitrage’s CEO
Chapter 8. Francois Magny (Starmark Proprietary Trading Ltd.)