direct market access

Algorithmic Trading Strategies and Automated Stock Trading
“How about a nice game of chess?” — WOPR computer in “War Games”
There used to be two market structures for U.S. equity traders to contend with: the NYSE (for listed stocks) and NASDAQ. Recent counts put the number at roughly 40. Many are sources of dark liquidity, which sounds [...]

Computational Finance, Stock Market Analysis, and Investment Trading
“A computer does not substitute for judgment any more than a pencil substitutes for literacy. But writing without a pencil is no particular advantage.” – Robert McNamara
The Journal of Portfolio Management (JPM*) is one of the more upscale investment management publications around. For $500 a year, you get [...]