A DETAILED PRIMER ON TODAY'S MOST SOPHISTICATED AND CONTROVERSIAL TRADING TECHNIQUE Unfair ...brilliant ...illegal ...inevitable. High-frequency trading has been described in many different ways, but one thing is for sure--it has transformed investing as we know it. All About High-Frequency Trading examines the practice of deploying advanced computer algorithms to read and interpret market activity, make trades, and pull in huge profi ts--all within milliseconds. Whatever your level of investing expertise, you'll gain valuable insight from All About High-Frequency Trading's sober, objective explanations of: The markets in which high-frequency traders operate How high-frequency traders profit from mispriced securities Statistical and algorithmic strategies used by high-frequency traders Technology and techniques for building a high frequency trading system The ongoing debate over the benefits, risks, and ever-evolving future of high-frequency trading Everything You Need to Know, Including: The internal configuration of a high-frequency trading system Comparisons of benefits and drawbacks, as well as analyses of inherent risks Who profits from high-frequency trading--and how they do it Michael Durbin is an author and financial technology consultant specializing in the high-frequency trading of derivatives. He has taught at Duke University's Fuqua School of Business and the University of North Carolina's Kenan-Flagler Business School. Durbin lives near Washington, DC.