[书籍分享]高频交易及其概率理论
发布:fantuanxiaot | 分类:会计库
关于本站
人大经济论坛-经管之家:分享大学、考研、论文、会计、留学、数据、经济学、金融学、管理学、统计学、博弈论、统计年鉴、行业分析包括等相关资源。
经管之家是国内活跃的在线教育咨询平台!
经管之家新媒体交易平台
提供"微信号、微博、抖音、快手、头条、小红书、百家号、企鹅号、UC号、一点资讯"等虚拟账号交易,真正实现买卖双方的共赢。【请点击这里访问】
论文
- 毕业论文 | 写毕业论文
- 毕业论文 | 为毕业论文找思路
- 毕业论文 | 可以有时间好好写 ...
- 毕业论文 | 毕业论文如何选较 ...
- 毕业论文 | 毕业论文选题通过 ...
- 毕业论文 | 还有三人的毕业论 ...
- 毕业论文 | 毕业论文答辩过程 ...
- 毕业论文 | 本科毕业论文,wi ...
考研考博
- 考博 | 南大考博经济类资 ...
- 考博 | 考博英语10000词汇 ...
- 考博 | 如果复旦、南大这 ...
- 考博 | 有谁知道春招秋季 ...
- 考博 | 工作与考博?到底 ...
- 考博 | 考博应该如何选择 ...
- 考博 | 考博失败了
- 考博 | 考博考研英语作文 ...
留学
- 日本留学 | 在日本留学心得
- 日本留学 | 日本留学生活必需 ...
- 日本留学 | 【留学日本】2015 ...
- 日本留学 | 日本海外留学8年来 ...
- 日本留学 | 日本留学费用_日本 ...
- 日本留学 | 求在日本留学的师 ...
- 日本留学 | 日本留学的有没有 ...
- 日本留学 | 日本留学
TOP热门关键词
坛友互助群![]() |
扫码加入各岗位、行业、专业交流群![]() |
In recent years, high-frequency trading(HFT) became an extremely hot topic in capital markets around the world.Normally, HFT has the following attributes:
It is a kind of automatic trading strategy,which means that the trading is done by computer and there is no instance ofhuman decision making during the buying or selling of any instrument. Some HFTsystems allow traders to have some influence on it, but they can only change afew parameters of the strategy, and must allow the system to apply these parametersto the strategy making the trades.
The traders keep positions for a very shorttime. In most cases, only several seconds or minutes. Some people believe thattraders should not take any position over night, while others think it isallowed. But most agree that, HFT should not keep the main parts of theposition to the second day.High-frequency traders only trade viaelectronic trading systems, not over-the-counter (OTC) markets, or any marketstill using outcries.
It uses a high-speed connection to connectto the market, so as to retrieve high-frequency market data and place orders.In most cases, HFT requires the fastest access methods for a specified market,for example, the securities exchange place.
Low latency is always very important forHFT. Various technologies are used for this target, including softwareoptimization, hardware accelerators and dedicated network equipments. The timedifference between an input message and corresponding order insert action has beendefined as the internal response time , which is a key benchmark of latency forHFT. Recent competition has reduced it to several microseconds.
Unlike other low latency tradingstrategies, high-frequency traders normally calculate profit and Sharpe ratioon a daily basis, not just annually.
Automatic trading is a result of wideacceptance of electronic trading platforms. Compared with doing thesestrategies manually, automatic trading has a lot of advantages: accuracy,objectiveness, no emotion, and low cost. Therefore, it is becoming more andmore popular. Any strategies that are without the feelings of traders can beconverted to an automatic trading strategy. As the market grows, the tradingcosts become lower and lower, allowing for more high-frequency strategy to apply to the market. A trader cannot guarantee that his trades are all with positive return.
However, if the strategy is correct and can be applied repeatedly in astatistically stationary way, then according to the strong ergodic theorem, theaccumulated profit will be increasing at a stable rate. Therefore, allautomatic traders may try to find some HFT algorithm for a large accumulatedvolume. So we can say that, HFT is the result of market and technologicalimprovements.
[hide][/hide]
![](https://bbs-cdn.datacourse.cn/2020/assoQRcodeNew2022.png)
免流量费下载资料----在经管之家app可以下载论坛上的所有资源,并且不额外收取下载高峰期的论坛币。
涵盖所有经管领域的优秀内容----覆盖经济、管理、金融投资、计量统计、数据分析、国贸、财会等专业的学习宝库,各类资料应有尽有。
来自五湖四海的经管达人----已经有上千万的经管人来到这里,你可以找到任何学科方向、有共同话题的朋友。
经管之家(原人大经济论坛),跨越高校的围墙,带你走进经管知识的新世界。
扫描下方二维码下载并注册APP
![](static/2016/reg/jgewm.png)
您可能感兴趣的文章
本站推荐的文章
- 哲学名言 | 【独家发布】经典哲学名言
- 哲学书籍 | 求推荐一本讲人生目标的哲学书籍 ...
- 哲学书籍 | 20部必读的哲学书籍
- 哲学书籍 | 经济人,开拓你逻辑思维的哲学书 ...
- 哲学书籍 | 哲学书籍
- 哲学书籍 | 哲学书籍
- 哲学书籍 | 哲学书籍
- 哲学书籍 | 经典的哲学书籍
人气文章
2.转载的文章仅代表原创作者观点,与本站无关。其原创性以及文中陈述文字和内容未经本站证实,本站对该文以及其中全部或者部分内容、文字的真实性、完整性、及时性,不作出任何保证或承若;
3.如本站转载稿涉及版权等问题,请作者及时联系本站,我们会及时处理。