Chasing the Same Signals : How Black-box Trading Influences Stock Markets from Wall Street to Shanghai.

Conventional wisdom suggests that markets are efficient, random walks and that stock prices rise and fall with the fundamentals of the company. How then have black-box traders prospered and how do they exploit market inefficiencies? Are their strategies on their last legs or will they adapt to the n...

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Bibliographic Details
Online Access: Full Text (via Wiley)
Main Author: Brown, Brian R.
Format: eBook
Language:English
Published: Chichester : Wiley, 2012.
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Summary:Conventional wisdom suggests that markets are efficient, random walks and that stock prices rise and fall with the fundamentals of the company. How then have black-box traders prospered and how do they exploit market inefficiencies? Are their strategies on their last legs or will they adapt to the new landscape amidst the global financial crisis? Chasing the Same Signals is a unique chronicle of the black-box industry's rise to prominence and their influence on the market place. This is not a story about what signals they chase, but rather a story on how they chase and compete for the.
Physical Description:1 online resource (238 pages)
ISBN:9781118580448
1118580443
9781119199632
1119199638