“Change is a proxy for opportunity in the financial markets.”
Technology has significantly changed the state of the financial industry. Several years ago, the financial industry was more about groups of individual traders – it thrived on whether or not those traders had a competitive edge in the markets. In today’s world, the financial industry centers around organizations creating better trading systems to gain a competitive edge.
During the 2014 MarketsWiki Education World of Opportunity Summer Intern Education Series, Ben Van Vliet, assistant professor of finance at the Illinois Institute of Technology, gave a presentation briefly addressing the high frequency trading controversy, and how speed is more than just a tool to help execute trades. Van Vliet discussed how speed can be a competitive advantage in terms of how fast one can bring ideas into the markets. Finally, he went over a few trading strategies and dissected differences and similarities between them.