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It is 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 profits - 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; and, 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.