Networking in Electronic Financial Markets

Mentor: Dr. Debbie Perouli

Description: Trading is nowadays done electronically. Firms are interested in minimizing transaction times and various mechanisms have been used to both help traders achieve this goal and prevent traders from gaming the system. Many times, the implementation of such mechanisms relies heavily on network principles. The student(s) will learn about dark pools, high-frequency trading, and the modern stock market. The student(s) will focus on the networking connecting different pools and the routing policies used to prioritize bids. The student(s) will also provide recommendations on security issues that may arise on particular markets. Familiarity with Internet protocols is recommended.