What does this mean?Pros & Cons
Pros
Irene aldridge presents a broad vision of the activity, in a adequated depth. For practitioners, this book covers many of the topics people should be thinking about if they want to get into high frequency trading.
Cons
The book on market microstructure contains a section on the gamblers ruin which appears to be completely wrong. When a book mentions the current top high-frequency traders and omits getco or lime brokerage/tower capital, you know something is wrong. I... Read More
Chapter 12 on event arbitrage is good in that exists, and gives a rough outline of how it works. This chapter also contains such bloopers as confounding bayesian self-correction with genetic algorithms on page 209.
Highlights
Quality
I can tell by reading through it years of efforts were put into generating this highquality deliverable
Not only the materials covered were quite complete on hft topics ranging from searching for highfrequency trading opportunities... Read More
34highfrequency strategies are like pebbles thrown parallel to the ocean floor and grazing small ripples near the shore
This she does ths well and her review of the literature allowed me to identify quickly those articles and books that will provi... Read More
Competitiveness
She also understands how the hft plays such critical role today in financial services industry sector which perhaps is the most... Read More
In many cases she also compares different statistical approaches all of which are well sourced
For example in the posttrade profitability analysis phase for transaction costs irene compares the market movements to ocean wave patterns
Highfrequency trading eliminates many of the advantages that the little guy could have in terms of unscalable opportunities tha... Read More
Overview
- How are reviewers describing this item?
good, such and financial. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 90% high quality reviews are present.
- This product had a total of 27 reviews as of our last analysis date on Jan 30 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
There are other books that treat the various subjects in much more detail see other reviews but add intro to high freq
Posted by a reviewer on Amazon
As i gleaned from professor rosenthals review there are probably other books that more fundamentally outline pedagogic market principles for graduate students
Posted by a reviewer on Amazon
And it seems obvious to me that books on making money generally only come into existence when the actionable value of the information has fallen below the value of writing such a book e
Posted by a reviewer on Amazon
I recall vividly trumps 34art of the deal34 appearing on bookshelves not long before his bankruptcy
Posted by a reviewer on Amazon
One of the things that the book convinces me of indirectly is that you should think twice about day trading without some of the inherent advantages that large firms have
Posted by a reviewer on Amazon
Aldridge does not claim to provide new insights into the field
Posted by a reviewer on Amazon
Secondly aldridge provides a relatively simple overview of some of the statistical practices involved in the field although a good general understanding of statistics is probably necessary for readers of this book
Review Count History
