Описание: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial marketsIn today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions.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, in what were then the disreputable margins of the US financial system, 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. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
Автор: Monique Jeanblanc, Marc Yor, Marc Chesney Название: Mathematical Methods for Financial Markets ISBN: 1852333766 ISBN-13(EAN): 9781852333768 Издательство: Springer Рейтинг: Цена: 8804.00 р. 12577.00-30% Наличие на складе: Есть (1 шт.) Описание: Presents stochastic processes of common use in mathematical finance. This book consists of eleven chapters, interlacing on the one hand financial concepts and instruments, Brownian motion, diffusion processes, Levy processes, together with the basic properties of these processes. It deals with continuous path processes and discontinuous processes.
Автор: Charles-Albert Lehalle, Amine Raboun Название: Financial Markets in Practice: From Post-Crisis Intermediation to FinTechs ISBN: 9811252572 ISBN-13(EAN): 9789811252570 Издательство: World Scientific Publishing Рейтинг: Цена: 12672.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Financial Markets in Practice: From Post-Crisis Intermediation to FinTechs delivers an overview of the development of risk-transformation undertaken by the financial services industry from the perspective of quantitative finance. It provides an instructional and comprehensive explanation of the structure of the financial system as a network of risk suppliers and risk consumers, where different categories of market participants buy, transform, net, and re-sell different kinds of risks. This risk-transformation oriented view is supported by the changes that followed the last global financial crisis: consumers of financial products asked for less complex risk transformations, regulators demanded limiting risks inside financial institutions to the maximum extent possible, and market participants turned to run mass market-like businesses and away from bespoke 'haute couture'-like businesses.This book portrays the network of intermediaries that compose the financial system, describes their most common business models, explains the exact role of each kind of market participant, and underlines the interaction between them. It seeks to reveal the potential disintermediation that could occur inside the financial sector, led by FinTechs and Artificial Intelligence-based innovations.Readers are invited to reconsider the role of market participants in the post-crisis world and are prepared for the next wave of changes driven by data science, AI, and blockchain. Amid these innovations, quantitative finance will be increasingly involved in all aspects of the financial system. This handy resource helps practitioners from both the buy-side and sell-side gain insights to, and provides an overview of, business models in the financial system from an intermediation perspective, and guides students to comprehensively understand the complex ecosystem in which they will evolve.
Описание: Contemporary financial markets have been characterized by sociocultural phenomena such as "meme stocks", the Gamestop short squeeze, and "You Only Live Once (YOLO) trading". These are movements led by small-scale retail investors banding together to participate forcefully in financial markets through decentralized but coordinated actions. This book deploys many different subdisciplines to explore the recent 'power grabbing' of retail investors and the online environment that enables them to join the ranks of major financial players, and participate in contemporary capitalism.
It offers multiple perspectives on the genesis, role, motivations, power, and future prospects of retail investors as a force in contemporary financial markets. Drawing upon the insights of authors hailing from many different countries, the book frames YOLO capitalism through numerous angles that help to explain the context and the importance of activist retail investors in modern financial markets, and thereby explore the possibilities of a transformed financial future with much wider small-scale participation. The book assesses the potential of online - and other - communities in enabling global coordination in impacting or even driving financial and crypto markets, and the challenges that come with it and weighs the competing narratives both positive and negative regarding YOLO capitalism.
It strikes a balanced assessment of their legal, cultural, behavioural, economic, and political roles in modern finance. This book will be of interest to a multidisciplinary and interdisciplinary audience of scholars in financial markets, financial regulation, political economy, public administration, macroeconomics, corporate governance, and the philosophy and the sociology of finance.
Автор: Belke, Ansgar Polleit, Thorsten Название: Monetary economics in globalised financial markets ISBN: 3540710027 ISBN-13(EAN): 9783540710028 Издательство: Springer Рейтинг: Цена: 23751.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing a comprehensive introduction to the many-sided interrelations between these fields of research. This work covers topics including, inter alia, alternative money supply regimes, money demand functions and monetary policy transmission.
Автор: Campbell, John W. Название: The econometrics of financial markets ISBN: 0691043019 ISBN-13(EAN): 9780691043012 Издательство: Wiley Рейтинг: Цена: 11088.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Covers the spectrum of empirical finance, including the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, and the term structure of interest rates, dynamic models of economic equilibrium.
Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces within a market to determine what to buy, what to sell, and when to execute trades.
This book introduces simple technical analysis tools like moving averages and Bollinger bands, and also advanced techniques such as wavelets and empirical mode decomposition. It first discusses some traditional tools in technical analysis, such as trend, trend Line, trend channel, Gann's Theory, moving averages, and Bollinger bands. It then introduces a recent indicator developed for stock market and two recent techniques used in the technical analysis field: wavelets and the empirical mode decomposition in financial time series. The book also discusses the theory to test the performance of the indicators and introduces the MATLAB Financial Toolbox, some of the functions/codes of which are used in our numerical experiments.
Do you want to work and earn by yourself with a complete guide on how to achieve it?
Do you want to earn a huge profit while staying at home?
Then this book is for you. The most important step in making a difference is having the willingness to learn. There is tremendous power in having information; it gives you an upper advantage in getting to places that you aspire to be. With a determined spirit and mind, there is nothing that you cannot conquer.
In this book, I have tried to give information on different topics that relate to day trading. Most of the information shared has been simplified so that it is easy to understand. My goal is to create an impact on your life by transforming the way you trade. When you start making a successful living from
In the book, I have tried to explain the different strategies you can utilize. The book also explained how day trading works in case there is anyone having difficulties mastering the art of day trading.
This Book Covers:
- The Basic of Trading
- Basic and Investment Strategies
- How to Develop Your Strategy
- Idea Tools and Software
- Do-It-Yourself Risks
And Many More
Trading is a skill learned by people who are focused and consistent in what they do. As a trader, whether you are an amateur or an expert, we all have to embrace learning. Acquiring knowledge helps us achieve more and hone our skills. Get this book now and I hope that it will make a difference in your trading life and that the information leads you to successful trading.
Do you want to work and earn by yourself with a complete guide on how to achieve it?
Do you want to earn a huge profit while staying at home?
Then this book is for you. The most important step in making a difference is having the willingness to learn. There is tremendous power in having information; it gives you an upper advantage in getting to places that you aspire to be. With a determined spirit and mind, there is nothing that you cannot conquer.
In this book, I have tried to give information on different topics that relate to day trading. Most of the information shared has been simplified so that it is easy to understand. My goal is to create an impact on your life by transforming the way you trade. When you start making a successful living from
In the book, I have tried to explain the different strategies you can utilize. The book also explained how day trading works in case there is anyone having difficulties mastering the art of day trading.
This Book Covers:
- The Basic of Trading
- Basic and Investment Strategies
- How to Develop Your Strategy
- Idea Tools and Software
- Do-It-Yourself Risks
And Many More
Trading is a skill learned by people who are focused and consistent in what they do. As a trader, whether you are an amateur or an expert, we all have to embrace learning. Acquiring knowledge helps us achieve more and hone our skills. Get this book now and I hope that it will make a difference in your trading life and that the information leads you to successful trading.
Описание: Less Than 7% of Traders Make the Most of the Money in Day Trading. Do You Want to Be a Part of the 7% Traders Who are Able to Stay in the Market Even After 5 Years and Make Profit?Learn the Intricacies of Day Trading Through This Simple to Follow Easy Read.
Day trading is publicized as a get rich quick scheme whereas most of the traders end up losing all their capital. The only people benefitting from the loss are the traders who trade cautiously and carefully. It is not the number of trades you make that matter but the quality of trades carried out by you.
Do you want to learn the right way to trade in the stock market to make consistent money? Well, while this book doesn't promise you a million-dollar success in a couple of months, and doesn't guarantee that through the strategies given in the book all your trades will become profitable, it assures you that you will be able to develop a better understanding of the stock market, the way it functions and also the ways in which you can earn money from day trading.
More importantly, it will explain the things to avoid that can make you lose your money in the stock market.
In this book, you will find:
A thorough understanding of the world of day trading
The reason most people lose their money in day trading
A complete understanding of the pattern day trading rule and its impact on you
The important concepts of day trading before you move ahead
Описание: Less Than 7% of Traders Make the Most of the Money in Day Trading.
Do You Want to Be a Part of the 7% Traders Who are Able to Stay in the Market Even After 5 Years and Make Profit?
Learn the Intricacies of Day Trading Through This Simple to Follow Easy Read.
Day trading is publicized as a get rich quick scheme whereas most of the traders end up losing all their capital. The only people benefitting from the loss are the traders who trade cautiously and carefully. It is not the number of trades you make that matter but the quality of trades carried out by you.
Do you want to learn the right way to trade in the stock market to make consistent money? Well, while this book doesn't promise you a million-dollar success in a couple of months, and doesn't guarantee that through the strategies given in the book all your trades will become profitable, it assures you that you will be able to develop a better understanding of the stock market, the way it functions and also the ways in which you can earn money from day trading.
More importantly, it will explain the things to avoid that can make you lose your money in the stock market.
In this book, you will find:
A thorough understanding of the world of day trading
The reason most people lose their money in day trading
A complete understanding of the pattern day trading rule and its impact on you
The important concepts of day trading before you move ahead
