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Working in the field (HFT market maker) and agree with this assessment. The book is pretty useless in practice - it's basically a vehicle of self promotion for
by 92eandsa9a 5y ago
Working in the field (HFT market maker) and agree with this assessment. The book is pretty useless in practice - it's basically a vehicle of self promotion for his academic career.
- canaryyellow 5y agoWhat books would u recommend from ur experience? That aren't self promotion
- 92eandsa9a 5y ago"Trading and Exchanges: Market Microstructure for Practitioners" is a good introductory book that covers how markets work on a high level. It doesn't teach you how to build profitable systems. That you won't find anywhere anyway.
- hardwaresofton 5y agoLink for the lazy of a Draft Copy available made in 2002: http://www.acsu.buffalo.edu/~keechung/MGF743/Readings/Trading-Exchanges-Market-Microstructure-Practitioners%20Draft%20Copy.pdf http://www.acsu.buffalo.edu/~keechung/MGF743/Readings/Tradin... Also a weird book-like slide set that explains what the book is about (and the very important concepts/market participants): https://rkbookreviews.files.wordpress.com/2013/12/trading-and-exchanges.pdf https://rkbookreviews.files.wordpress.com/2013/12/trading-an...
- arthurcolle 5y agoThis book is great for complete non practitioners. It was such a great read in 2015 when I graduated and went to work at a large broker-dealer.
- Dopameaner 5y agoThanks for the recommendations. Since, I dont work on the field as closely and mostly on a observatory capacity. Ill take a look at the recommendations.
- anon_tor_12345 5y ago>it's basically a vehicle of self promotion for his academic career i would say that a full ~25% of technical books are this - solely for the purposes of building brand rather than communicating effectively.