In today’s financial markets, trading floors on which brokers buy and sell shares face- to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions.
“Trading at the Speed of Light” tells the story of this epic transformation.
Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading — automated high-frequency trading or HFT— began and then spread throughout the world.
