High Frequency Traders Come Out of the Shadows by Jim McTague | NOOK Book (eBook) | Barnes & Noble
High Frequency Traders Come Out of the Shadows

High Frequency Traders Come Out of the Shadows

by Jim McTague
     
 

This Element is an excerpt from Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino (9780132599689) by Jim McTague. Available in print and digital formats.

 

How the nerds took over Wall Street–and how their high-frequency, computer-driven trading impacts your portfolio.

Overview

This Element is an excerpt from Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino (9780132599689) by Jim McTague. Available in print and digital formats.

 

How the nerds took over Wall Street–and how their high-frequency, computer-driven trading impacts your portfolio.

 

How did graduates from physics and math departments of top graduate schools end up swarming Wall Street? It was an unanticipated consequence of new SEC regulations intended to encourage electronic exchanges. The sudden fragmentation of the market resulted in unexpected complexity which, in turn, led to fleeting pricing discrepancies among trading venues. The nerds saw ways to exploit these inefficiencies.

Product Details

ISBN-13:
9780132711852
Publisher:
Pearson Education
Publication date:
01/26/2011
Series:
FT Press Delivers Elements
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
23
File size:
307 KB

Meet the Author

Jim McTague has been Washington Editor of Barron’s Magazine since 1994–a post that gives him privileged access to key players in Washington and on Wall Street. A credentialed White House and Capitol Hill correspondent, he’s covered every administration since the first President Bush. McTague is a regular guest on NBC, CNN, CNBC, MSNBC, FOX, and FOX Business News. His extensive analysis of the underground economy in 2005 exploded the myth that illegal aliens were a small percentage of the U.S. population, triggering today’s border security debate.

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