Technology sits in the execution factor of the edge equation, and for some firms it is the edge itself. It can also zero the survival factor in minutes. Some anchors:
What the study covers
- 1Overview: technology as edge, cost and risk
- 2Data: what traders use and how it misleads
- 3Execution algorithms and smart order routing
- 4The latency race
- 5Retail technology: APIs, algo platforms and automation
- 6Machine learning in trading and asset pricing
- 7LLMs, "AI agents" and "AI trading bot" claims
- 8Model risk, testing, deployment and kill switches
- 9Regulation of algorithmic trading
- 10How to read technology and AI claims
- 11Key numbers
- 12Landmark firms and cases
- 13Pitfalls
- 14How an expert thinks about it
- 15Glossary
Companies in this study
- Knight Capital
- Citadel Securities
- Jane Street
- Hudson River Trading
- Virtu Financial
- Jump Trading
- Tower Research Capital
- Renaissance Technologies
- Two Sigma
- D. E. Shaw
- Man Group AHL
- XTX Markets
- Interactive Brokers
- Robinhood
- Cboe Global Markets
- CME Group
- Optiver
- High-Flyer Quant
- Ubiquant
- Capital Fund Management. In other knowledge bases: AI: DeepSeek; AI 04 Open Source Models; AI 08 Vertical AI in Finance; AI 20 Export Controls.