High-Frequency Trading & Dark Pools
4.0 (11 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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High-Frequency Trading & Dark Pools

New Realities in Financial Markets
4.0 (11 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
26 students enrolled
Created by Viktor Tachev
Last updated 4/2017
English
Curiosity Sale
Current price: $10 Original price: $40 Discount: 75% off
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 1 Article
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You will gain thorough understanding of the way financial markets work nowadays
  • You will be able to demonstrate broad knowledge about high-frequency trading and its main characteristics
  • You will be able to distinguish innovative high-frequency trading strategies
  • You will gain valuable knowledge about the way dark pools operate
  • You will be able to express informed opinion about flash crashes and their effect on investors and market stability
View Curriculum
Requirements
  • Prior basic to intermediate knowledge about financial markets
  • Advanced English
Description

The new realities

Financial markets change. And they change rapidly. Technology has revolutionized the way financial instruments are traded. Being involved in the trading process nowadays is way more complex than it was before. Automated trading is everywhere now. There is no step back. That is why being informed about the new realities in financial markets is what matters the most.

High-Frequency Trading & Dark Pools

This course will guide you through High-Frequency Trading - the hottest topic on financial markets right now. The revolutionary state-of-the-art technology is reshaping financial markets in a way, that is never seen before. Being aware of its characteristics is the only way for one to keep up with the pace of these new realities.

The importance of being informed

The financial sector is an ever-evolving environment. This set of lectures will provide you with all the needed information about the recent and most important aspects of their development:

  • High-Frequency Trading - technology, characteristics and strategies
  • Dark Pools - their main purpose and structural importance for the modern markets

After completing this course, you will be able to demonstrate advanced knowledge on the topic of High-Frequency Trading and be informed enough to make the right investment decisions.

Who is the target audience?
  • Students in Finance, Economics, Mathematics and Computer Science
  • Finance professionals
  • Independent researchers and everyone interested in the topic
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Curriculum For This Course
22 Lectures
01:58:00
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Financial Markets - History and Development
1 Lecture 09:40

In the opening lecture we will focus on financial markets, their historical development and active reshaping that is going on right now.  

Preview 09:40
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The Flash Crash
1 Lecture 12:50

In this lecture, we will analyze the prerequisites for the trillion-dollar crash that took place on May 6th, 2010. We will go through the most noticeable facts that made the Flash Crash one of the most important points of discussion in the recent years, when it comes to financial markets and their stability.

May 6th, 2010 - prerequisites, facts and consequences
12:50
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High-Frequency Trading
5 Lectures 42:45

In this lecture will lay the foundations for our further analysis of High-Frequency Trading. We will look further to the way, in which this technology exploits the existent market inefficiencies. We will analyze the prerequisites for the formation of the High-Frequency Trading technology and track down its evolution through the years.

Preview 10:49

This lecture aims at tracking down the transformation of exchanges, starting with the issuance of systemically important legislations both in the US and the EU. Big part of the lecture is dedicated to the way exchanges operate nowadays, their biggest clients and the so called "Maker-Taker" model.

Change in Stock Exchanges
07:47

This short lecture reveals important characteristics and interesting facts about the High-Frequency Trading companies, such as:

  • Average profit amount
  • Holding period of an instrument
  • Speed of trades execution
Characteristics of High-Frequency Trading Companies
04:20

One of the most widely discussed topics, concerning High-Frequency Trading is its effect on different aspects of the market environment, such as:

  • Structural stability
  • Liquidity and volatility
  • Spreads and trading costs
  • Investors and their decisions

We will tackle these questions with some practical examples from the recent history of financial markets.

The Effect of High-Frequency Trading
14:50

In this lecture, we will analyze the behavior of High-Frequency Traders on May 6th, 2010. We will try to track if there is any link between the High-Frequency Trading activity and the market nosedive that took place on that day by focusing on the performance of the S&P 500 E-mini.

HFTs behavior during the Flash Crash
04:59
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Dark Pools
3 Lectures 17:03

In terms of trading volume, exchanges are now making way for dark pools. In this lecture, we will look further into these popular trading venues and their complicated structure. We will track their history and recent development, as well as their main advantages and disadvantages for investors.

The Preffered Trading Venues
10:20

Explanatory Video - High-Frequency Trading Internalization
02:29

Explanatory Video - Private Dark Pools
04:14
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Trading Strategies
11 Lectures 34:44

In this lecture we will find out more about one of the more popular trading strategies among High-Frequency Traders and the way it is applied.

Statistical Arbitrage
03:40


The topic of this lecture is another arbitrage strategy, focused on exploiting existing weaknesses in the market structure and the pricing process on exchanges and dark pools.

Latency Arbitrage
05:43

Explanatory Video - Latency Arbitrage
01:49

In this lecture we will go through one of the most innovative trading strategies that High-Frequency Traders actively apply.

Momentum Ignition
04:34

Explanatory Video - Stocks Pinging
01:57

This lecture combines two interesting rebate strategies - Market Making Rebate Arbitrage and Latency Rebate Trading. Their success is very dependent on colocation.

Rebate Strategies
06:17

Explanatory Video - Market Making Rebate Arbitrage
02:09

Explanatory Video - Liquidity Rebate Trading
01:43

Explanatory Video - Market Making
01:48

In this lecture, we will focus on a very aggressive trading strategy focused on registering large number of small profits and not on their individual amount.

Scalping
03:45
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Final Thoughts
1 Lecture 01:01
Final Thoughts
01:01

This set of questions will track your broad and detailed understanding of the topics that we focused on in the lectures. All the needed information for passing the quiz can be found in the lectures.

Remember: each question has only one correct answer

Final Quiz
15 questions
About the Instructor
Viktor Tachev
4.0 Average rating
11 Reviews
26 Students
1 Course
Quant Strategy Developer

Graduated MSc in Financial Markets

Experience in the development and implementation of quantitative backtesting strategies

Top rankings in national and international trading competitions

Invited to speak about High-Frequency Trading and its effect on volatility at various conferences across Europe

Professional experience in credit lending, private insurance and investment consulting

Long-serving national ambassador for Bloomberg