Michael Durbin – författare

A DETAILED PRIMER ON TODAY'S MOST SOPHISTICATEDAND CONTROVERSIAL TRADING TECHNIQUE

Unfair . . . brilliant . . . illegal . . . inevitable. High-frequency trading has been described in many different ways, but one thing is for sure--it has transformed investing as we know it.

All About High-Frequency Trading examines the practice of deploying advanced computer algorithms to read and interpret market activity, make trades, and pull in huge profi ts—all within milliseconds. Whatever your level of investing expertise, you'll gain valuable insightfrom All About High-Frequency Trading's sober, objective explanations of:

The markets in which high-frequency traders operateHow high-frequency traders profi t from mispriced securitiesStatistical and algorithmic strategies used by high-frequency tradersTechnology and techniques for building a high-frequency trading systemThe ongoing debate over the benefi ts, risks, and ever-evolving future of high-frequency trading

EVERYTHING YOU NEED TO KNOW ABOUT DERIVATIVES

All About Derivatives, Second Edition, presents the complex subject of financial derivatives with a clarity and coherence you won’t find in other books. Using real-world examples and simple language, it lucidly illustrates what derivatives are and why they are so powerful. This second edition of All About Derivatives provides a rock-solid foundation on:

The most common contracts available to you in today's marketKey concepts such as cost of carry, settlement, valuation, and payoffProven methods for establishing fair valueHow leverage can work for you--and against youThe various derivative contracts traded today, including forwards, futures, swaps, and optionsPricing methods and mathematics for determining fair valueHedging strategies for managing and reducing different types of risk

INCLUDES A BRAND-NEW CHAPTER ON THE ROLEDERIVATIVES PLAYED IN THE 2008 FINANCIAL MELTDOWN