The Speed Traders, by Edgar Perez, is an enlightening work on high frequency trading. Although there are many high frequency trading books available on the market today, The Speed Traders is distinctive in that it does not stray from its discussion of HFT into other areas of finance. Perez’s work has a laser-like focus on the high frequency trading industry and the structure of the book is well conceived.
The true challenge of discussing high frequency trading is to engage the reader without losing him/her in a glut of technical jargon. By providing HFT information in the form of interviews with industry experts, Perez has mastered this challenge. The Speed Traders introduces the reader to high frequency trading by discussing its evolution, including a timeline of key market events that have helped to shape the landscape of today’s global financial markets. The true strength of The Speed Traders lies in the interview content. Perez’s access to HFT practitioners is truly unique and provides for a candid look at the high frequency trading industry. By introducing the reader to members of the high frequency trading community, The Speed Traders succeeds not only in providing valuable insight, but also injects a human element that is easily overlooked in discussions about HFT.
Those looking for a substantive, entertaining book about high frequency trading will not be disappointed by The Speed Traders. The book’s balance of technical knowledge and practitioner anecdotes combine to make it a truly worthwhile read.