Edgar Perez's The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World(http://www.thespeedtraders.com), ranked as the number one must-read book on Modern Finance Report's list of 'Top Ten Must-Read Modern Finance Books of 2011', is the most comprehensive, revealing work available on the most important development in trading in generations. High-frequency trading will no doubt play an ever larger role as computer technology advances and the global exchanges embrace fast electronic access. The Speed Traders explains everything there is to know about how today's high-frequency traders make millions-one cent at a time.
High-frequency trading (HFT) is the most controversial form of investing today, and speed traders have generally flown under the radar. In the name of protecting the algorithms they have spent so much time perfecting, they almost never talk to the press and disclose as little as possible about how they operate-until now.
The Speed Traders reveals how leading HFT players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds.
The Speed Traders includes personal interviews with the masters of the HFT universe, who shed light on what HFT is, the essential role it plays in the world's most active exchanges, and how they generate consistent profits at unprecedented rates and volumes. Among the HFT luminaries you'll hear from are:
- Manoj Narang, Founder and CEO of Tradeworx
- Adam Afshar, President of Hyde Park Global Investments
- Aaron Lebovitz, Managing Director at Infinium Capital Management
- John Netto, President of M3 Capital
- Stuart Theakston, Head of High-Frequency Trading at GLC
- Peter van Kleef, CEO of Lakeview Arbitrage
Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.