Post on 20-Jul-2015
THE ANATOMY OFA HIGH-FREQUENCY TRADER:
HUMAN AND MACHINE PROPORTIONS
Tommi A. Vuorenmaa, PhD25th November, 2014
tommiavuorenmaa@triangleintelligence.com
Presentation
@ C
FA Society
Finland Sem
inarin H
elsinki, Finland
Authorizationrequirement*
System and risk controls
Identificationof algorithms
Order-to-trade ratio
BaFin
AN EXAMPLE
*In Germany, HFT techniques are characterized by: 1) Use oflatency minimizing infrastructure, 2) a system without humanintervention, and 3) high message intra-day rates.
Tommi A. Vuorenmaa 2014