Donald MacKenzie, Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets
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28 décembre 2023
- handle: 10670/1.30vl1n
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Thomas Delcey, « Donald MacKenzie, Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets », Œconomia, ID : 10670/1.30vl1n
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Trading at the Speed of Light, Donald MacKenzie’s latest book, is a sociological and historical study of high-frequency trading, a class of ultra-fast and automated trading where profits depend largely on the speed at which trading is executed. These algorithms automatically issue (and very often cancel), buy and sell orders by exploiting basic market signals. Since these signals are basic, speed of execution is essential. This is what distinguishes high-frequency trading from simple automate...