Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Qty:1
  • List Price: $38.00
  • Save: $12.11 (32%)
Only 2 left in stock (more on the way).
Ships from and sold by Amazon.com. Gift-wrap available.
The Speed Traders: An Ins... has been added to your Cart
FREE Shipping on orders over $25.
Condition: Used: Very Good
Comment: SHIPS DIRECTLY FROM AMAZON. Has a publisher's remainder mark. Book is in good shape but has shelf wear
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World Hardcover – May 13, 2011

4.2 out of 5 stars 25 customer reviews

See all 3 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$25.89
$14.99 $1.98

"Heads I Win, Tails I Win"
Why smart investors fail and how to tilt the odds in your favor. Learn more | See more like this
$25.89 FREE Shipping. Only 2 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover

Frequently Bought Together

  • The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World
  • +
  • All About High-Frequency Trading (All About Series)
  • +
  • Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market
Total price: $53.74
Buy the selected items together


Editorial Reviews

From the Back Cover

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

About the Author

Edgar Perez is a former McKinsey & Company consultant, chief operating officer of UltraHF Capital, a hedge fund running highfrequency trading strategies, and founder of Golden Networking, a premier networking community for business executives, entrepreneurs, and investors. He holds a Masters in Business Administration from Columbia Business School where he was elected to the Beta Gamma Sigma honor society. He is widely regarded as the preeminent networker in the high-frequency trading and alternative investments worlds, as host of the popular monthly High-Frequency Trading Happy Hour business receptions in New York City, which were featured in The Wall Street Journal and Los Angeles Times. Perez was also a presenter at the Harvard Business School Venture Capital and Private Equity Conference. He resides in the New York City area.

NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Hardcover: 256 pages
  • Publisher: McGraw-Hill Education; 1 edition (May 13, 2011)
  • Language: English
  • ISBN-10: 0071768289
  • ISBN-13: 978-0071768283
  • Product Dimensions: 6.4 x 0.9 x 9.3 inches
  • Shipping Weight: 4.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (25 customer reviews)
  • Amazon Best Sellers Rank: #1,373,324 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover Verified Purchase
It is impossible to learn anything from this book. It has a few interviews with HFT traders that are boring and predictable where we learn relevant stuff like how they like to spend time with their families and love wall street the movie. And then it has an historical account of the evolution of electronic trading that is very dry and with the superficiality of daily news. The book "Dark Pools" is a much better choice.
Comment 13 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
This book feels more like a collection of emails cut-and-pasted into a book than a serious effort to examine the subject of HFT.

The author seems to know a lot of people in the HFT world but it's not clear that he actually knows anything about HFT himself. If he does, he certainly didn't share it in the text. Rather, he just lets his friends share their vague and uniteresting thoughts on how to be successful in HFT. But the author makes no attempt to analyze those thoughts or even explain to a lay reader what the interviewees are talking about.
Comment 19 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
I decided to read The Speeder Traders after finishing Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System, thinking this book would offer some additional viewpoints into the world of HFT. I was disappointed to find that a vast majority of the book is a just a timeline covering various events that took place over the years that relate to automated trading. In the sections that were not a timeline, the author just inserted paragraph responses from several individuals in the industry. Most gave brief descriptions of where they saw HFT going and how there are trade-offs to consider when either building your own system or buying one. I'm not sure this book would be of any use to most readers. It just does not offer enough substance to make it worth the time.
Comment 6 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
The Speed Traders is a book written with the intention to educate. Whether you've only heard of High-Frequency Trading because you've heard how it could mess up the market, or you work for a High-Frequency Trading firm yourself, you will still gain important insights from this book.

I happened to belong to the first category, and if you are too--and I suspect that most of you reading this review-- are, you will be reading clear, detailed explanations of the phenomenon that the news and the media did not do a good enough job of explaining. On CNN two years ago, we heard about the speculation that Speed Traders were behind the Flash Crash and were imbued with fear of how technology could threaten the returns of our portfolios. What we didn't hear was the background story and more importantly, how the culprit of the Crash was ultimately judged to be a hedge fund that had nothing to do with Speed Traders. This book elucidates this event.

Reading this book, I felt that the picture that the media had painted of the "card counting" of the stock market had changed. Speed Trading is completely independent of "Buffetian" long term strategies. They operate on completely different time frames and have very little effect on the profits long term portfolios will yield. I became excited to learn about a stock market that exists in parallel, but virtually independent of the one we are used to hearing about.

Now, what if I was someone who worked in a Speed Trading firm? Well I'm not, but I think a key message of the book is that the future of High Frequency Trading is not simply just advancing the algorithms to continue gaining an advantage over your competitors--its also to spread awareness of what HFT really is-- to change the public opinion painted by the media.
Read more ›
1 Comment 6 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
As an accounting student, I thought that high-frequency trading, a topic in vogue in the financial world, would be difficult for me to understand. But after reading "The Speed Traders: An Insider's Look at the New High-Frequency Phenomenon That Is Transforming the Investing World" (McGraw-Hill, 2011), authored by Edgar Perez, I was able to grasp the concepts behind it, since the book explain this technique in understandable words.

In this book, Edgar Perez illustrates what high-frequency trading is--- using computer programs based on the mathematic models to detect and trade millions of stocks in microseconds. Nowadays, people hold different concepts of high-frequency trading. Does that matter? Yes, because how we define high-frequency trading will determine what financial regulators will come up with in order to keep markets fair for all participants.

Besides the clear illustration of the concept, Edgar Perez introduces several practitioners who explain how high-frequency trading works in practice. As a foreign student in the U.S., knowing that high frequency trading is quite popular around the Western world and still on its beginning stages in China is pretty inspiring to explore this further. I do think now this is a MUST read book for those who are interested in the financial markets, trading and investing, especially for expert human traders who can make the most from these techniques.
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
This book tries to be a "New Market Wizards" type collection of interviews book. The problem is the people being interviewed are not all the leaders in the field of HFT [the real players are at Getco and Knight] and they're not revealing anything about their strategies (who would if they're making money). The whole HFT business is very secretive, so it's hard to get any useful information -- and this book doesn't deliver much. The book is poorly written and seems to be rushed to market without much editing. The chapters are rambling and incoherent.

Save your money and buy the much better "All About HFT" and Irene Alderidge's book. They are much more informative about the actual mechanics of HFT.
Comment 4 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: The Speed Traders: An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World