Level III · Module 9
High-Frequency Trading & Market Microstructure
The limit order book, market making, latency and the evaluation of HFT strategies and their risks.
This module is locked
Level III enrollment is open to Level II students, or with the complete three-level program.
Explore the module outline below, or start with the free orientation and Module 1.
Read the free orientation and Module 1Module outline
- Order book and microprice
- Market making and adverse selection
- Latency, fills and operational risk
Intended learning outcome: Explain how a market maker earns or loses the spread and evaluate an HFT strategy claim.