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Interest in algorithmic trading is growing massively –it’s cheaper, faster and better to control than standardtrading, it enables you to ‘pre-think’ the market,executing complex math in real time and take the required decisionsbased on the strategy defined. We are no longer limited by human‘bandwidth’. The cost alone (estimated at 6 cents pershare manual, 1 cent per share algorithmic) is a sufficient driverto power the growth of the industry. According to consultant firm,Aite Group LLC, high frequency trading firms alone account for 73%of all US equity trading volume, despite only representingapproximately 2% of the total firms operating in the US markets.Algorithmic trading is becoming the industry lifeblood. But it is asecretive industry with few willing to share the secrets of theirsuccess.

The book begins with a step-by-step guide to algorithmictrading, demystifying this complex subject and providing readerswith a specific and usable algorithmic trading knowledge. Itprovides background information leading to more advanced work byoutlining the current trading algorithms, the basics of theirdesign, what they are, how they work, how they are used, theirstrengths, their weaknesses, where we are now and where we aregoing.

The book then goes on to demonstrate a selection of detailedalgorithms including their implementation in the markets. Usingactual algorithms that have been used in live trading readers haveaccess to real time trading functionality and can use the neverbefore seen algorithms to trade their own accounts.

The markets are complex adaptive systems exhibitingunpredictable behaviour. As the markets evolve algorithmicdesigners need to be constantly aware of any changes that mayimpact their work, so for the more adventurous reader there is alsoa section on how to design trading algorithms.

All examples and algorithms are demonstrated in Excel on theaccompanying CD ROM, including actual algorithmic examples whichhave been used in live trading.

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