This article compares the performance of systematic and discretionary hedge funds. In systematic funds, most trades are originated and executed by computer programs written for that purpose. In discretionary funds, human traders make decisions when to buy and sell which financial securities. The...

A fully revised second edition of the best guide to high-frequency trading High-frequency trading is a difficult, but profitable, endeavor that can generate stable profits in various market conditions. But solid footing in both the theory and practice of this discipline are essential to success....

Cover -- Title Page -- Copyright -- Contents -- Acknowledgments -- Chapter 1: Silicon Valley Is Coming! -- Everyone Is into Fintech -- The Current State of Big Data Finance -- The Millennials Are Coming -- Social Media -- Mobile -- Cheaper and Faster Technology -- Cloud Computing -- Blockchain...

A hands-on guide to the fast and ever-changing world of high-frequency, algorithmic trading Financial markets are undergoing rapid innovation due to the continuing proliferation of computer power and algorithms. These developments have created a new investment discipline called high-frequency...