Professional Electronic Trading (Hardcover)

by David James Norman (Author) "Within the last 12 months we have created a new world..." (more)
Key Phrases: central communication server, transaction management infrastructure, central exchange system, Professional Electronic Trading, Hong Kong, New York (more...)

Editorial Reviews

Product Description
Professional Electronic Trading examines the concepts, technical architecture, recent developments, and future opportunities in the new and expanding field of "direct access" electronic markets. It provides a comprehensive coverage of electronic market models, exchange platforms and networks, while describing ways in which professional electronic traders make money. The book covers topics on new product formation, operational challenges, networks, regulation, clearing and settlement, the Internet and prospects for the future development of a worldwide trading culture using electronic exchange platforms.

Professional Electronic Trading will provide financial industry participants and sophisticated investors with an invaluable insight into the way that professional traders are currently taking advantage of these revolutionary digital marketplaces and sets them up for the future; a future with shockingly different rules! This is one of the few books that deals directly with the demanding and sometimes complex issues that financial industry professionals confront every day, making it an invaluable reference and training tool.

From the Back Cover
Professional Electronic Trading examines the concepts, technical architecture, recent developments, and future opportunities in the new and expanding field of "direct access" electronic markets. It provides a comprehensive coverage of electronic market models, exchange platforms and networks, while describing ways in which professional electronic traders make money. The book covers topics on new product formation, operational challenges, networks, regulation, clearing and settlement, the Internet and prospects for the future development of a worldwide trading culture using electronic exchange platforms.

Professional Electronic Trading will provide financial industry participants and sophisticated investors with an invaluable insight into the way that professional traders are currently taking advantage of these revolutionary digital marketplaces and sets them up for the future; a future with shockingly different rules! This is one of the few books that deals directly with the demanding and sometimes complex issues that financial industry professionals confront every day, making it an invaluable reference and training tool.

See all Editorial Reviews

Product Details

• Hardcover: 280 pages
• Publisher: Wiley; 1st edition (June 15, 2002)
• Language: English
• ISBN-10: 047082073X
• ISBN-13: 978-0470820735
• Product Dimensions: 9.2 x 6.4 x 1.3 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #1,402,702 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

5 of 7 people found the following review helpful:

1.0 out of 5 stars Not worth the money, August 3, 2005

By	Irwan (London, United Kingdom) - See all my reviews

This book was a huge disappointment and not worth the money I paid for it. The text is mostly an unstructured collection of historical and often outdated facts about the development of electronic exchanges. It barely touches on onlly a few aspects of the subject but without any structure, depth or valuable insight. The author's anecdotal style of writing does not do justice to what is a very interesting and challenging subject. Not recommended for serious industry professionals.

5 of 7 people found the following review helpful:

2.0 out of 5 stars Big disappointment, April 28, 2005

By	E. Gokan - See all my reviews (REAL NAME)

I bought a used copy of this book at %30 discount, and I still think it was not worth the money.

The book is very hard to read, the author puts his personal opinions all over the place very frequently and presents them as facts. Moreover, the content is also all over the place, on one page you are reading about the deep details of IP address formats, a few pages later you encounter the author's opinion about the way oriental people work, and then you read about why so-and-so project failed in 1970s, etc.

Most of the bits and pieces of information are related to Chicago Merchantile exchange. The book is full of acronyms, you need to go to the index page at the end of the book to figure out what they mean, yet the explanations in the index sometimes lead to even further confusion.

I work in the finance industry, developing trading applications. In my opinion, there are a whole lot of other books that you can better use your time on.

4 of 7 people found the following review helpful:

5.0 out of 5 stars Comprehensive Guide to an important business area, June 24, 2002

By	Patrick Gallagher, Dir Trading Infolocity "pa... (Chicago, Illinois United States) - See all my reviews

I found this book to be very helpful - and plan to buy a copy for everyone in our trading group. A soup to nuts guide to the business and technical aspects of the electronic trading arena. Whether you are a seasoned trading professional, new to the area or looking to implement an Electronic Trading System, there is something new for you to learn in this book and much to help gain a competitive edge - before the others catch on.