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Developing High-Frequency Trading Systems
Developing High-Frequency Trading Systems

Developing High-Frequency Trading Systems: Learn how to implement high-frequency trading from scratch with C++ or Java basics

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Profile Icon Sebastien Donadio Profile Icon Sourav Ghosh Profile Icon Romain Rossier
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€27.99 €31.99
Full star icon Full star icon Full star icon Full star icon Half star icon 4.2 (19 Ratings)
eBook Jun 2022 320 pages 1st Edition
eBook
€27.99 €31.99
Paperback
€38.99
Subscription
Free Trial
Renews at €18.99p/m
Arrow left icon
Profile Icon Sebastien Donadio Profile Icon Sourav Ghosh Profile Icon Romain Rossier
Arrow right icon
€27.99 €31.99
Full star icon Full star icon Full star icon Full star icon Half star icon 4.2 (19 Ratings)
eBook Jun 2022 320 pages 1st Edition
eBook
€27.99 €31.99
Paperback
€38.99
Subscription
Free Trial
Renews at €18.99p/m
eBook
€27.99 €31.99
Paperback
€38.99
Subscription
Free Trial
Renews at €18.99p/m

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Developing High-Frequency Trading Systems

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:

  • Chapter 1, Fundamentals of a High-Frequency Trading System
  • Chapter 2, The Critical Components of a Trading System
  • Chapter 3, Understanding the Trading Exchange Dynamics
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Key benefits

  • Learn how to build high-frequency trading systems with ultra-low latency
  • Understand the critical components of a trading system
  • Optimize your systems with high-level programming techniques

Description

The world of trading markets is complex, but it can be made easier with technology. Sure, you know how to code, but where do you start? What programming language do you use? How do you solve the problem of latency? This book answers all these questions. It will help you navigate the world of algorithmic trading and show you how to build a high-frequency trading (HFT) system from complex technological components, supported by accurate data. Starting off with an introduction to HFT, exchanges, and the critical components of a trading system, this book quickly moves on to the nitty-gritty of optimizing hardware and your operating system for low-latency trading, such as bypassing the kernel, memory allocation, and the danger of context switching. Monitoring your system’s performance is vital, so you’ll also focus on logging and statistics. As you move beyond the traditional HFT programming languages, such as C++ and Java, you’ll learn how to use Python to achieve high levels of performance. And what book on trading is complete without diving into cryptocurrency? This guide delivers on that front as well, teaching how to perform high-frequency crypto trading with confidence. By the end of this trading book, you’ll be ready to take on the markets with HFT systems.

Who is this book for?

This book is for software engineers, quantitative developers or researchers, and DevOps engineers who want to understand the technical side of high-frequency trading systems and the optimizations that are needed to achieve ultra-low latency systems. Prior experience working with C++ and Java will help you grasp the topics covered in this book more easily.

What you will learn

  • Understand the architecture of high-frequency trading systems
  • Boost system performance to achieve the lowest possible latency
  • Leverage the power of Python programming, C++, and Java to build your trading systems
  • Bypass your kernel and optimize your operating system
  • Use static analysis to improve code development
  • Use C++ templates and Java multithreading for ultra-low latency
  • Apply your knowledge to cryptocurrency trading

Product Details

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Publication date, Length, Edition, Language, ISBN-13
Publication date : Jun 17, 2022
Length: 320 pages
Edition : 1st
Language : English
ISBN-13 : 9781803243429
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Product Details

Publication date : Jun 17, 2022
Length: 320 pages
Edition : 1st
Language : English
ISBN-13 : 9781803243429
Category :
Languages :

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Frequently bought together


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Table of Contents

15 Chapters
Part 1: Trading Strategies, Trading Systems, and Exchanges Chevron down icon Chevron up icon
Chapter 1: Fundamentals of a High-Frequency Trading System Chevron down icon Chevron up icon
Chapter 2: The Critical Components of a Trading System Chevron down icon Chevron up icon
Chapter 3: Understanding the Trading Exchange Dynamics Chevron down icon Chevron up icon
Part 2: How to Architect a High-Frequency Trading System Chevron down icon Chevron up icon
Chapter 4: HFT System Foundations – From Hardware to OS Chevron down icon Chevron up icon
Chapter 5: Networking in Motion Chevron down icon Chevron up icon
Chapter 6: HFT Optimization – Architecture and Operating System Chevron down icon Chevron up icon
Chapter 7: HFT Optimization – Logging, Performance, and Networking Chevron down icon Chevron up icon
Part 3: Implementation of a High-Frequency Trading System Chevron down icon Chevron up icon
Chapter 8: C++ – The Quest for Microsecond Latency Chevron down icon Chevron up icon
Chapter 9: Java and JVM for Low-Latency Systems Chevron down icon Chevron up icon
Chapter 10: Python – Interpreted but Open to High Performance Chevron down icon Chevron up icon
Chapter 11: High-Frequency FPGA and Crypto Chevron down icon Chevron up icon
Other Books You May Enjoy Chevron down icon Chevron up icon

Customer reviews

Top Reviews
Rating distribution
Full star icon Full star icon Full star icon Full star icon Half star icon 4.2
(19 Ratings)
5 star 68.4%
4 star 10.5%
3 star 5.3%
2 star 0%
1 star 15.8%
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Top Reviews

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Armaghan Jun 19, 2024
Full star icon Full star icon Full star icon Full star icon Full star icon 5
Really enjoyed reading this book. Gives a good insight on how high-performance low-latency financial trading systems work. The knowledge provided is not limited to financial trading systems, but can be applied to any C++ application that uses networking for communication.
Subscriber review Packt
Leonid Shleymovich Jan 09, 2024
Full star icon Full star icon Full star icon Full star icon Full star icon 5
This book gives rather deep observation of trading process from the back office developer's point of view. This is the first 30% of the book. Then in 60% of the book it evaluates different relevant C++ and overall design aspects to make trading faster. For every tool and advice is Author honestly lists a negative side, since almost every design solution is a tradeoff. The last 3 chapters describe Java tools, Python tools and more detailed sample architecture for Crypto exchange.
Feefo Verified review Feefo
anthony weston Jul 11, 2022
Full star icon Full star icon Full star icon Full star icon Full star icon 5
Developing High-Frequency Trading Systems gives a great overview of what is important when developing a HFT system. It covers the aspects of system, network and software design that is needed to build an optimized trading system. Helps the reader learn what is used to evaluate the performance of the trading system and what can be done to help improve it. It directs the reader in what technologies(microwave, fiber, c++, fpga…) are required to reach various trading thresholds like nano, micro, millis.
Amazon Verified review Amazon
Jean Oct 31, 2022
Full star icon Full star icon Full star icon Full star icon Full star icon 5
Very detailed and comprehensive book on high frequency trading systems. It is geared towards people who have more of a Computer Science background as it doesnot require any prior Finance knowledge and all trading concepts are very well explained. However, some prior knowledge on networks, OS structure and memory management might be useful though not necessary in my opinion. The book goes in depth in some of the optimization (and reasons for implementing them) to build an efficient trading system.In the last part, it finally highlights how different features of different programming languages can be used in your system.
Amazon Verified review Amazon
toto Aug 01, 2022
Full star icon Full star icon Full star icon Full star icon Full star icon 5
It's typically daunting for new entrants to know all the technologies that go into making modern high frequency trading (HFT) systems work. This book attempts to bring together a comprehensive overview of all the things that make HFT systems tick, and does a good job at it.I'm not aware of any other book that's as tailored specifically to HFT and is well rounded with regards to all the components one must be aware of and techniques that are used to reduce trading latency. This book is focused on giving existing developers (C++/Java) a good handle on all the techniques and aspects that are used to reduce latencies in modern HFT systems.
Amazon Verified review Amazon
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