Book: Commodities: Markets, Performance, and Strategies
Editors: H. Kent Baker, Greg Filbeck, Jeffrey H. Harris
ISBN: 9780190656010
Chapter 23: High Frequency Trading of Commodities (Raymond P. H. Fishe & Aaron D. Smith)
You can build the most brilliant bond portfolio model in the world. But if you can’t actually trade the bonds you want, none of it matters.
Chapter 27 is a fascinating time capsule. Harris wrote this around 2003, when the debate between floor trading and electronic trading was still alive. The NYSE was building a new trading floor. The Chicago exchanges were still mostly pit-based. Reading it now, knowing how completely electronic trading won, is like reading someone in 1995 carefully weighing the pros and cons of email versus fax machines.
Previous: Competition Among Markets
In 1999, the Bangladeshi Stock Exchange replaced its trading floor with an automated system. At the same time, the New York Stock Exchange was considering where to build a new trading floor.
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139