Download Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets PDF Free - Full Version
Download Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets by Donald MacKenzie in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets
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marketsIn today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions.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.
Detailed Information
| Author: | Donald MacKenzie |
|---|---|
| Publication Year: | 2021 |
| Language: | other |
| File Size: | 21.9234 |
| Format: | |
| Price: | FREE |
Safe & Secure Download - No registration required
Why Choose PDFdrive for Your Free Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets Download?
- 100% Free: No hidden fees or subscriptions required for one book every day.
- No Registration: Immediate access is available without creating accounts for one book every day.
- Safe and Secure: Clean downloads without malware or viruses
- Multiple Formats: PDF, MOBI, Mpub,... optimized for all devices
- Educational Resource: Supporting knowledge sharing and learning
Frequently Asked Questions
Is it really free to download Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets PDF?
Yes, on https://PDFdrive.to you can download Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets by Donald MacKenzie completely free. We don't require any payment, subscription, or registration to access this PDF file. For 3 books every day.
How can I read Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets on my mobile device?
After downloading Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets PDF, you can open it with any PDF reader app on your phone or tablet. We recommend using Adobe Acrobat Reader, Apple Books, or Google Play Books for the best reading experience.
Is this the full version of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets?
Yes, this is the complete PDF version of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets by Donald MacKenzie. You will be able to read the entire content as in the printed version without missing any pages.
Is it legal to download Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets PDF for free?
https://PDFdrive.to provides links to free educational resources available online. We do not store any files on our servers. Please be aware of copyright laws in your country before downloading.
The materials shared are intended for research, educational, and personal use in accordance with fair use principles.
