Download or read book Flash Crash written by Liam Vaughan and published by William Collins. This book was released on 2021-02-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: On May 6, 2010, financial markets around the world tumbled simultaneously and without warning. In the span of five minutes, a trillion dollars of valuation was lost. The Flash Crash, as it became known, represented the fastest drop in market history. When share values rebounded less than half an hour later, experts around the globe were left perplexed. What had they just witnessed? Navinder Singh Sarao hardly seemed like a man who would shake the world's financial markets to their core. Raised in a working-class neighbourhood in West London, Nav was a preternaturally gifted trader who played the markets like a computer game. By the age of thirty, he had left behind London's trading arcades, working instead out of his childhood home. For years the money poured in. But when lightning-fast electronic traders infiltrated markets and started eating into his profits, Nav built a system of his own to fight back. It worked-until 2015, when the FBI arrived at his door. Depending on whom you ask, Sarao was a scourge, a symbol of a financial system run horribly amok, or a folk hero-an outsider who took on the tyranny of Wall Street and the high-frequency traders. A real-life financial thriller, Flash Crash uncovers the remarkable, behind-the-scenes narrative of a mystifying market crash, a globe-spanning investigation into international fraud, and the man at the centre of them both.
Download or read book Flash Crash Rumble and Roll written by Dr. Franklyn M. Branley and published by HarperCollins. This book was released on 2022-03-29 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Read and find out about what causes the flash, crash, rumble, and roll of thunderstorms in this colorfully illustrated nonfiction picture book. Did you know that lightning bolts can be over a mile long? Or that they may come from clouds that are ten miles high? Storms can be scary, but not if you know what causes them. Before the next thunderstorm, grab this book by the expert science team Franklyn Branley and True Kelley and learn all about thunderstorms. This is a clear and appealing science book for early elementary age kids, both at home and in the classroom. It's a Level 2 Let's-Read-and-Find-Out, which means the book explores more challenging concepts for children in the primary grades. The 100+ titles in this leading nonfiction series are: hands-on and visual acclaimed and trusted great for classrooms Top 10 reasons to love LRFOs: Entertain and educate at the same time Have appealing, child-centered topics Developmentally appropriate for emerging readers Focused; answering questions instead of using survey approach Employ engaging picture book quality illustrations Use simple charts and graphics to improve visual literacy skills Feature hands-on activities to engage young scientists Meet national science education standards Written/illustrated by award-winning authors/illustrators & vetted by an expert in the field Over 130 titles in print, meeting a wide range of kids' scientific interests Books in this series support the Common Core Learning Standards, Next Generation Science Standards, and the Science, Technology, Engineering, and Math (STEM) standards. Let's-Read-and-Find-Out is the winner of the American Association for the Advancement of Science/Subaru Science Books & Films Prize for Outstanding Science Series.
Download or read book Flash Boys A Wall Street Revolt written by Michael Lewis and published by W. W. Norton & Company. This book was released on 2014-03-31 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.
Download or read book Broken Markets written by Sal Arnuk and published by FT Press. This book was released on 2012-05-22 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!
Download or read book Fragilities in the U S Treasury Market written by Antoine Bouveret and published by International Monetary Fund. This book was released on 2015-10-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has emerged with the rise of electronic trading. The 'flash rally' of October 15, 2014 provides a clear example of how those risks can materialize. Based on an in-depth analysis of the event-complementing the authorities' work-we suggest i) providing incentives for liquidity provision, ii) improving market safeguards, and iii) enhancing the regulation of the Treasury market.
Download or read book Real Time Risk written by Irene Aldridge and published by John Wiley & Sons. This book was released on 2017-02-28 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk management solutions for today's high-speed investing environment Real-Time Risk is the first book to show regular, institutional, and quantitative investors how to navigate intraday threats and stay on-course. The FinTech revolution has brought massive changes to the way investing is done. Trading happens in microsecond time frames, and while risks are emerging faster and in greater volume than ever before, traditional risk management approaches are too slow to be relevant. This book describes market microstructure and modern risks, and presents a new way of thinking about risk management in today's high-speed world. Accessible, straightforward explanations shed light on little-understood topics, and expert guidance helps investors protect themselves from new threats. The discussion dissects FinTech innovation to highlight the ongoing disruption, and to establish a toolkit of approaches for analyzing flash crashes, aggressive high frequency trading, and other specific aspects of the market. Today's investors face an environment in which computers and infrastructure merge, regulations allow dozens of exchanges to coexist, and globalized business facilitates round-the-clock deals. This book shows you how to navigate today's investing environment safely and profitably, with the latest in risk-management thinking. Discover risk management that works within micro-second trading Understand the nature and impact of real-time risk, and how to protect yourself Learn why flash crashes happen, and how to mitigate damage in advance Examine the FinTech disruption to established business models and practices When technology collided with investing, the boom created stratospheric amounts of data that allows us to plumb untapped depths and discover solutions that were unimaginable 20 years ago. Real-Time Risk describes these solutions, and provides practical guidance for today's savvy investor.
Download or read book The Fear Index written by Robert Harris and published by Vintage. This book was released on 2012-01-31 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the nexus of high finance and sophisticated computer programming, a terrifying future may be unfolding even now. Dr. Alex Hoffmann’s name is carefully guarded from the general public, but within the secretive inner circles of the ultrarich he is a legend. He has developed a revolutionary form of artificial intelligence that predicts movements in the financial markets with uncanny accuracy. His hedge fund, based in Geneva, makes billions. But one morning before dawn, a sinister intruder breaches the elaborate security of his lakeside mansion, and so begins a waking nightmare of paranoia and violence as Hoffmann attempts, with increasing desperation, to discover who is trying to destroy him. Fiendishly smart and suspenseful, The Fear Index gives us a searing glimpse into an all-too-recognizable world of greed and panic. It is a novel that forces us to confront the question of what it means to be human—and it is Robert Harris’s most spellbinding and audacious novel to date.
Download or read book Automate This written by Christopher Steiner and published by Penguin. This book was released on 2012-08-30 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rousing story of the last gasp of human agency and how today’s best and brightest minds are endeavoring to put an end to it. It used to be that to diagnose an illness, interpret legal documents, analyze foreign policy, or write a newspaper article you needed a human being with specific skills—and maybe an advanced degree or two. These days, high-level tasks are increasingly being handled by algorithms that can do precise work not only with speed but also with nuance. These “bots” started with human programming and logic, but now their reach extends beyond what their creators ever expected. In this fascinating, frightening book, Christopher Steiner tells the story of how algorithms took over—and shows why the “bot revolution” is about to spill into every aspect of our lives, often silently, without our knowledge. The May 2010 “Flash Crash” exposed Wall Street’s reliance on trading bots to the tune of a 998-point market drop and $1 trillion in vanished market value. But that was just the beginning. In Automate This, we meet bots that are driving cars, penning haiku, and writing music mistaken for Bach’s. They listen in on our customer service calls and figure out what Iran would do in the event of a nuclear standoff. There are algorithms that can pick out the most cohesive crew of astronauts for a space mission or identify the next Jeremy Lin. Some can even ingest statistics from baseball games and spit out pitch-perfect sports journalism indistinguishable from that produced by humans. The interaction of man and machine can make our lives easier. But what will the world look like when algorithms control our hospitals, our roads, our culture, and our national security? What happens to businesses when we automate judgment and eliminate human instinct? And what role will be left for doctors, lawyers, writers, truck drivers, and many others? Who knows—maybe there’s a bot learning to do your job this minute.
Download or read book Crapshoot Investing written by Jim McTague and published by Pearson Education. This book was released on 2011-02-23 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just the past few years, the equity markets have been transformed into a high-speed casino that’s a pure crapshoot: a white-knuckle rollercoaster ride that has left individual investors legitimately terrified of equities. The Flash Crash of May 6, 2010–when the DJIA plummeted 734 points in 17 minutes, and dozens of top companies traded as low as zero–was just a harbinger of disasters to come. In Crap Shoot Investing, Barron’s Washington Editor Jim McTague reveals the twin causes of this massive transformation: high-frequency traders using mathematical hocus pocus, and blundering regulators whose attempts to promote long-term investment have massively backfired. McTague takes you through the Flash Crash moment by moment, revealing what happened and how it happened. Next, he burrows “under the volcano” to uncover the titanic, uncontrolled forces now at work in equity markets, showing investors exactly what they’re jumping into when they buy and sell stock today. You’ll learn how new exchanges, desperate for cash, are attracting high-frequency traders at everyone else’s expense... how “dark pools” of hidden trades are tilting the playing field...how even small investors are promoting dangerous volatility. McTague explains why regulators continue to ignore the big picture as the markets accelerate towards chaos. Last but not least, he presents a rational strategy for investors who need to get ahead in markets that have become riskier than most casinos. "A valuable read for anyone considering investing in equity markets." Reprinted with permission from CHOICE http://www.cro2.org, copyright by the American Library Association.
Download or read book Flash and Gleam written by Sue Fliess and published by Millbrook Press. This book was released on 2020-03-03 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The soft glow of a candle, the blink of a firefly, a burst of fireworks—light is everywhere in our world! Rhyming text and luminous illustrations follow four children as they experience many different forms of light. "[M]ultiple STEAM applications, from poetry and creative writing to introductions to energy and light to how the sun affects human life, and doubles as a great read-aloud or a starry bedtime story."—starred, Booklist
Download or read book Knightmare on Wall Street written by Edgar Perez and published by . This book was released on 2013-07 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book accounts the terrifying hours following Knight Capital's August 1, 2012 trading debacle, with news-breaking research regarding the firm's 17 years of tumultuous existence as an independent company. Knightmare on Wall Street is the definitive behind-the-scenes story of Knight Capital. The firm, founded by Kenneth Pasternak and Walter Raquet in 1995, had seen its fortunes change as U.S. regulators made a series of changes in the structure of financial markets and computers were progressively expanding their share of trading. The Flash Crash, the infamous 1,000 point drop of the DJIA on May 6, 2010 (the largest one-day point decline in history), illustrated how market structure problems could almost instantaneously cascade from one market participant to the rest. This book provides a fascinating account of what it took to elevate the firm to the cusp of the retail investing revolution of the late 1990s, to struggle through booms and busts, and to bring the firm down, to end up ultimately being ignominiously bought up by a competitor."--Extracted from Edgar Perez website.
Download or read book Crash Proof Your Investment written by Paul Keller and published by . This book was released on 2019-04-28 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will help you become a better stock market investor. We've all heard the saying, "Those who cannot remember the past are condemned to repeat it." Crash Proof Your Investment is for both the stock market history enthusiast and the beginner and intermediate level stock market investor. The mistakes made during the worst periods in stock market history will be explored in this book, including the story of the most disastrous and the most recent crashes in America. No crash history would be complete without covering the 2010 Flash Crash, the 2008 Financial Crisis, the Dot-com bubble, and the Wall Street Crash of 1929. This historical context will shed light on the causes and lasting effects of these crashes. The results of savvy stock market analysis are shared in "The 9 Stock Market Crash Warning Signs Every Stock Investor Should Know," which is a perfect guide for putting the investor in a better position to predict the next stock market crash. To help protect your investment, we examine 7 strategies designed to protect your investment in a bear market or even in a full-blown meltdown. Topics such as dividend stocks, stop-loss orders, options trading, and much more are discussed in detail. The information covered will be useful for long investors who want to protect their portfolio investment and investors who have been burned one too many times in stock market declines. But, it is also for the short investor who would like to profit off the upcoming meltdown. Understanding a stock market crash is knowledge that every stock investor should gain if they want to play the stock market game effectively. Stock market investment strategies that protect your portfolio by not reacting inappropriately to stock manipulations are a must-have. Remember the countless investors who got burned in the 2010 Flash Crash because their stop-loss orders were triggered? The market recovered in minutes, leaving these traders with huge, unnecessary losses-in some cases up to 60%. To avoid this issue, in this book you will learn how to protect your investment without stop-loss orders. Content is tailored to your specific situation by offering 4 optional exercises to apply to your own portfolio investment as tools to help you invest more strategically in the future. Continually improving yourself as an investor will move you closer to meeting your investment goals. Books like this increase your odds of becoming that millionaire stock investor who vacations in exotic locations around the world as your investments cover your expenses. (Or just retiring without worry, if that's your goal.) Whatever your investment goals are, this book can help you get there. If this sounds interesting to you, click the buy button and buy the book today!
Download or read book Trading at the Speed of Light written by Donald MacKenzie and published by Princeton University Press. This book was released on 2023-01-31 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial markets In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread throughout the world. HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal—light in a vacuum—can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges’ systems and to the location of the microwave towers that carry signals between computer datacenters. Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
Download or read book Crash and Burn written by Michael Hassan and published by Harper Collins. This book was released on 2013-02-19 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major streaming series coming soon to Hulu Starring in the Hulu adaptation of this cult bestseller: Alex Fitzalan, Alex Wolff, Sebastian Chacon, and Camila Perez. On April 21, 2008, Steven "Crash" Crashinsky saved more than a thousand people when he stopped his classmate David Burnett from taking their high school hostage armed with assault weapons and high-powered explosives. You likely already know what came after for Crash: the nationwide notoriety, the college recruitment, and, of course, the book deal. What you might not know is what came before: a story of two teens whose lives have been inextricably linked since grade school, who were destined, some say, to meet that day in the teachers' lounge of Meadows High. And what you definitely don't know are the words that Burn whispered to Crash right as the siege was ending, a secret that Crash has never revealed. Until now.
Download or read book Boom Boom Boom written by Jamie A. Swenson and published by Farrar, Straus and Giroux (BYR). This book was released on 2013-05-28 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: FLASH! CRASH! BOOM! BOOM! BOOM! One rainy night, in the midst of a storm, A brave little boy is cozy and warm. He's all snuggled up, safe in his room— When "ARROOO" howls dog, "is there room?" Of course there's room—and all is well— Until . . . FLASH! CRASH! BOOM! BOOM! BOOM! What happens when too many friends start to squish in? That's when the fun is sure to begin! Even the youngest of readers are invited to count along as each of the family pets seeks refuge from the thunder and lightning in this lively and adorable picture book about bedtime, fears, and friendship.
Download or read book The Quants written by Scott Patterson and published by Currency. This book was released on 2011-01-25 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the immediacy of today’s NASDAQ close and the timeless power of a Greek tragedy, The Quants is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street’s future. In March of 2006, four of the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions. On that night, these four men and their cohorts were the new kings of Wall Street. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who’d long been the alpha males the world’s largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history’s greatest financial disaster. Drawing on unprecedented access to these four number-crunching titans, The Quants tells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ’s had led them so wrong, so fast.
Download or read book The Fix written by Liam Vaughan and published by John Wiley & Sons. This book was released on 2017-01-24 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The first thing you think is where's the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric" —Tom Hayes, 2013 In the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Street's leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the 'world's most important number' and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it.... The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall. Based on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st Century.
