electronic markets


  • Praise for “Nerds On Wall Street”
  • “Leinweber isn’t half as crazy as people said! He foresaw the profound change that wired technology would bring to markets (robots trading millions of shares in six milliseconds). Now he nails the Stupid Financial Engineering Tricks that dumped the markets, and offers his patented, sound insights on how the nerds will help bring us back.” […]

  • Part 4 – Nerds Gone Wild – Wired Markets in Distress
  • Financial Nerds Gone Wild – Global Markets in Distress The original plan for this book stopped after the three parts that you’ve just read. These parts are about how markets became machines, and about using more machines to pick stocks and trade them electronically, bringing in an assortment of nifty ideas from finance and computer […]

  • Part 1 – Wired Markets
  • Financial Markets – Electronic Markets Not too long ago, going to a stock market meant you would meet lots of new people who were energetically shouting, running around, and making a mess with great quantities of paper. No more. Visiting a financial market now is more like visiting a telephone exchange. Computers and network gear […]

  • Chapter 14 – Nerds Gone Green – Nerds on Wall Street, off Wall Street
  • Clean Energy and Nerds off Wall Street This book closes with another chapter that, like the previous two, I didn’t expect to be writing. Recent headlines (Wall Street layoffs could reach 200,000, Citigroup is cutting 50,000 jobs) imply that many nerds on Wall Street (NOWS), mostly innocent bystanders in the meltdown, may soon find themselves […]

  • Chapter 02 – Greatest Hits of Computation in Finance
  • 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, […]

  • Chapter 01 – An Illustrated History of Wired Markets
  • An Illustrated History of Wired Capital Markets “Progress might have been all right once, but it has gone on too long.” — Ogden Nash This chapter is based on a number of ever-evolving dinner and lunch talks I have given over many years, all called “Nerds on Wall Street” irrespective of their actual subject. Many […]