Trading at the Speed of Light

Trading at the Speed of Light (English, Hardcover, MacKenzie Donald)

Share

Trading at the Speed of Light  (English, Hardcover, MacKenzie Donald)

Be the first to Review this product
Special price
₹2,210
2,600
15% off
i
Available offers
  • Special PriceGet extra 9% off (price inclusive of cashback/coupon)
    T&C
  • Bank OfferGet ₹50 Instant Discount on first Flipkart UPI transaction on order of ₹200 and above
    T&C
  • Bank Offer5% Cashback on Flipkart Axis Bank Card
    T&C
  • Bank Offer10% off up to ₹1250 on HDFC Bank Credit Card EMI Txns, Tenure: 6 months, Min Txn Value: ₹7500
    T&C
  • Delivery
    Check
    Enter pincode
      Delivery by29 Jun, Saturday|Free40
      ?
      if ordered before 3:59 AM
    View Details
    Author
    Read More
    Highlights
    • Language: English
    • Binding: Hardcover
    • Publisher: Princeton University Press
    • Genre: Business & Economics
    • ISBN: 9780691211381
    • Pages: 304
    Services
    • Cash on Delivery available
      ?
    Seller
    Transinfopreneur
    4.4
    • 7 Days Replacement Policy
      ?
  • See other sellers
  • Description
    A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions.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, 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.
    Read More
    Specifications
    Book Details
    Imprint
    • Princeton University Press
    Dimensions
    Height
    • 235 mm
    Length
    • 156 mm
    Frequently Bought Together
    1 Item
    2,210
    2 Add-ons
    823
    Total
    3,033
    Have doubts regarding this product?
    Safe and Secure Payments.Easy returns.100% Authentic products.
    You might be interested in
    Psychology Books
    Min. 50% Off
    Shop Now
    Religion And Belief Books
    Min. 50% Off
    Shop Now
    Popular Psychology Books
    Min. 50% Off
    Shop Now
    Philosophy Books
    Min. 50% Off
    Shop Now
    Back to top