Part 1: Trading Strategies, Trading Systems, and Exchanges

By the end of this introduction, you will have a quick overview of the history of high-frequency trading (HFT). You will know about the market participants, the fundamental HFT requirements (low latency connectivity and infrastructure), the trading time horizons in HFT versus non-HFT, and the holding periods/position management (HFT versus ultra HFT). We will also talk about the places for HFT. This book is not about the business of trading or HFT; it is about how to implement an HFT system concretely by using Java, C++, and Python. You will know how a trading system works and which trading strategies you can run.

This part comprises the following chapters:

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