Contents

Series

Title Page

Copyright

Dedication

Preface

Chapter 1: Eat a Percentage of What You Kill

Chapter 2: A Swift Reality Check

Chapter 3: The Basics of Double Auction Markets in the Real World

Chapter 4: Introduction to the ECN Platforms and Order Routing

ISLAND-NASDAQ MAIN ECN (“Q”)

ARCHIPELAGO ECN—NYSE ARCA (P)

DIRECT EDGE DUAL EXCHANGES—EDGA (J) AND EDGX (K)

BATS TRADING DUAL EXCHANGES—BZX (Z) AND BYX (Y)

CBOE STOCK EXCHANGE—CBSX

NASDAQ OMX BX (NQBX)—FORMERLY BOSTON STOCK EXCHANGE

NASDAQ OMX PSX (NQPX)—FORMERLY PHILADELPHIA STOCK EXCHANGE

Chapter 5: Dark Pool Liquidity and Alternative Trading Systems

NYFix MILLENNIUM ATS

CREDIT SUISSE CROSS FINDER

GETCO EXECUTION SERVICES ATS

KNIGHT CAPITAL GROUP'S DARK POOL ROUTES

LEVEL ATS

GOLDMAN SACHS SIGMA X

Chapter 6: Combining Level 2 and Time & Sales: Reading the Consolidated Tape

Chapter 7: Week One on Live Trading

Chapter 8: Losing $30,000 in Under a Minute

Chapter 9: Trading with a Real Edge

Chapter 10: The Psychology of Profitable Trading

Chapter 11: Choosing a Proprietary Trading Firm

Chapter 12: Strategy Diversification

Chapter 13: Volatility and the Crash of 2008

Chapter 14: Building Blocks of Trading Strategies

SURROGATE MARKET MAKING

LAYERED POSITION SIZING

AUCTION STRATEGIES

INTRADAY M&A SCALPING STRATEGIES

PAIR TRADING AND VARIATIONS

Glossary

About the Author

Index