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The accidental HFT firm.

A book on high-frequency trading, quantitative methods, technology, legal wrangling, & personalities.
The accidental HFT firm. A book on high-frequency trading, quantitative methods, technology, legal wrangling, & personalities.
192 backers pledged AU$ 7,981 to help bring this project to life.

About

AU$ 7,981

192

Korean trading. Fun and games with Japanese infrastructure. The Toronto - New Jersey interlisted arb. How not to negotiate multi-million dollar deals. Reverse engineering the ASX. Building the world's fastest (at the time) network switch and matching engine. Killing canaries. The ATS that wasn't. Lots of reading fun to be had by all.

I've gratefully received much positive feedback after writing in Automated Trader and then blogging my brief account of starting an HFT firm somewhat accidentally, "The accidental HFT firm."

https://meanderful.blogspot.com/2018/01/the-accidental-hft-firm.html

Some well-wishers have requested that it be fleshed out into a book form with quite a bit more detail. This is the project to meet their requests.

Often slow is too late
Often slow is too late

"Now we were sending out orders before the data packet arrived," --Matt.

Whilst it feels a bit of a self-indulgent, vanity project, I believe, from the requests I've received, there may be genuine interest. The murky dark corners of finance that are never spoken about, even in hushed tones can be quite intriguing. Even those in the industry may like others to understand what they do but can't really talk about. 

{Clarification: each physical copy reward will include an electronic version of the book at no additional cost.}

HFT needs a voice - warts and all. 

Then again, perhaps it's just therapy. I'm OK with that.

Risks and challenges

Procrastination and writer's block are the chief challenges. I need to produce 50,000 to 100,000 words that are not all of dubious quality.

Originally the 12,000 words took only a fairly long week. I expect a better account with more depth will take some months of writing, revision, restructuring, and starting again. I've never done this before, so I don't really know how I'll travel. I hope the time frame is reasonable. I think it is, but am uncertain.

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  1. Select this reward

    Pledge AU$ 1 or more About $0.71

    Keep up the good fight

    A vote of solidarity with no expectation, but keep going: TL;DR.

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    Pledge AU$ 19 or more About $14

    Electronic book edition

    An insight into the world of HFT, quantitative finance, hardware, software, radios, cables, start-ups, legal wrangling, and personalities.

    50,000 to 100,000 words. A soft copy.

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    Pledge AU$ 29 or more About $21

    Paperback edition

    An insight into the world of HFT, quantitative finance, hardware, software, radios, cables, start-ups, legal wrangling, and personalities.

    50,000 to 100,000 words. A paperback edition.

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    56 backers
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    Pledge AU$ 49 or more About $35

    Hardcover edition

    An insight into the world of HFT, quantitative finance, hardware, software, radios, cables, start-ups, legal wrangling, and personalities.

    50,000 to 100,000 words. A hardcover edition.

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    58 backers
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    Pledge AU$ 99 or more About $71

    Do it faster

    Just a pledge of encouragement in exchange for a hardback edition that will uncover the hidden meaning behind the "99 Luftballons."

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Funding period

- (56 days)