Meme theory, as coined by evolutionary biologist Richard Dawkins in his 1976 book “The Selfish Gene,” refers to the concept of memes as units of cultural evolution. Dawkins proposed the term “meme” to describe an idea, behavior, or style that spreads within a culture, analogous to the way genes spread…

“The Code Book” is a captivating journey into the world of cryptography, written by the renowned author and mathematician, Simon Singh. Published in 1999, this book explores the history, science, and art of codes and codebreaking, offering readers a comprehensive and accessible overview of a subject often shrouded in mystery. …

A proprietary trading firm, commonly known as a “prop firm,” is a financial institution that engages in trading financial instruments with its own money rather than clients’ funds. Proprietary trading involves using the firm’s capital to make speculative investments in various financial markets, such as stocks, bonds, commodities, currencies, and…

James Harris Simons, known as Jim Simons, is a legendary figure in the world of finance, primarily recognized for his groundbreaking contributions as a mathematician and quantitative trader. Born on April 25, 1938, in Newton, Massachusetts, Simons embarked on a remarkable journey that led him to become one of the…

Virtu Financial is a prominent global financial services company that specializes in market-making and proprietary trading. Founded in 2008 by Vincent Viola and Doug Cifu, the firm has grown to become a major player in the high-frequency trading (HFT) industry and electronic market making. Virtu Financial is headquartered in New…

Market making is a key strategy often employed in high-frequency trading (HFT). It involves continuously quoting buy and sell prices for a financial instrument in a market. Market makers provide liquidity to the market by standing ready to buy and sell, thereby facilitating smooth and efficient trading: Role of Market…

Arbitrage, in the context of financial markets, involves exploiting price discrepancies for the same asset or currency pair on different platforms or at different times. …

Volume imbalance is a crucial concept in trading and is often used by traders and analysts to gain insights into market dynamics and potential price movements. It refers to the discrepancy in trading volume between the buy and sell orders of a particular financial instrument, such as stocks, futures, or…

“Algorithmic Trading: Winning Strategies and Their Rationale” by Ernie Chan is a highly regarded book that provides a comprehensive overview of algorithmic trading strategies and the underlying principles that drive them. Ernie Chan, a seasoned quantitative trader and financial engineer, combines his practical experience with a deep understanding of quantitative…