Evolution of algorithmic trading and challenges of the future

The evolution of electronic trading has led to
significant changes in the trading business. At the
stock exchanges the traditional clerks running across
the trading floor with order slips and men in pits
negotiating prices have disappeared. Instead, you
only see the traders behind their broker screens.
Which technical improvements have influenced the
development? Which trading technology is widely used
for electronic trading? How can big baskets of stocks
be sold or purchased without influencing the stock
price? The author Björn Schubert gives an
introductory insight into the evolution of
algorithmic trading. He takes a historical approach
to describe the beginning of the technology. The
reader becomes aware of the important market
participants as well as the necessary technological
advancements. Furthermore, the author describes the
different algorithmic strategies and the implemented
regulatory framework. Finally, the book looks out on
the future challenges of the algorithmic trading
business.
The book presents a worthwhile investment for all
traders, market makers, portfolio managers as well as
all interested employees in the financial service
industry.

Autorentext
B.A. in Economics at the University of Applied Sciences in Saarbrücken and the University in Metz (DFHI/ISFATES), currently studying a MSc in Finance and Investment at the University of Edinburgh Business School

Klappentext
The evolution of electronic trading has led to significant changes in the trading business. At the stock exchanges the traditional clerks running across the trading floor with order slips and men in pits negotiating prices have disappeared. Instead, you only see the traders behind their broker screens. Which technical improvements have influenced the development? Which trading technology is widely used for electronic trading? How can big baskets of stocks be sold or purchased without influencing the stock price? The author Björn Schubert gives an introductory insight into the evolution of algorithmic trading. He takes a historical approach to describe the beginning of the technology. The reader becomes aware of the important market participants as well as the necessary technological advancements. Furthermore, the author describes the different algorithmic strategies and the implemented regulatory framework. Finally, the book looks out on the future challenges of the algorithmic trading business. The book presents a worthwhile investment for all traders, market makers, portfolio managers as well as all interested employees in the financial service industry.