Trading at the Speed of Light

What Hacker News says

1. scrlkOct 2024
   I somewhat regret not specialising in RF/comms in my EE degree - this side of HFT sounds like a fascinating line of work (Trading at the Speed of Light was a great read).
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2. TaylorPhebilloJul 2023
   These are still fairly canonical, and what I got recommended when I started recently. Trading at the Speed of Light by MacKenzie is very good too- a lighter read, but more recent.
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3. scrlkJun 2023
   If you're looking for a HFT history book, I found "Trading at the Speed of Light" to be a good read: https://press.princeton.edu/books/hardcover/9780691211381/tr...
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4. ivanechAug 2022
   +1 to Trading at the Speed of Light. A great read, particularly for any engineer curious about clinging to the limits of physics. An example: microwave towers are used to beam data from Chicago to New York because it's faster than fiber optic cables. Even crazier: these microwave towers have their repeater hardware at the top of the tower (microwave towers usually have it at the bottom) so that they don't lose time in wires going from the top to the bottom.
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5. eu90hAug 2021
   I'd like to recommend the book "trading at the speed of light". It's an in depth look at the world of high frequency trading based on first hand interviews with traders, court documents, etc. It would appear based on what little information is actually available that HFT firms net only modest profits after taxes and fees on trades. Historically, it appears most firms fail to turn a profit and shut down. A paper of Laughlin (2014) suggests virtu, a hft firm that now executes Robinhood orders, earns an estimate profit of 0.24 cents per trade, with 0.05 to 0.1 cents per share traded being a respectable profit.

   I highly recommend this book though if your into this topic

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