A pictorial summary of “The Volume Clock: Insights into the High Frequency Paradigm” by David Easley, Marcos M. Lopez de Prado and Maureen O’Hara. “HFT” means “high-frequency trading/trader”, “LFT” means “low-frequency trading/trader”. Legend holds that Nathan Mayer Rothschild used racing pigeons to front run his competitors and trade on the news of Napoleon’s defeat at … Continue reading →