Acronyms

AT

algorithmic trading

ATS

automated trading system

CAPM

capital asset pricing model

CBOT

Chicago Board of Trade

Ccru

Cybernetic Culture Research Unit

CFTC

Commodity Futures Trading Commission

ECN

electronic communication network

EMH

efficient-market hypothesis

HFD

high-frequency data

HFT

high-frequency trading

MiFID

Markets in Financial Instruments Directive

NLP

natural language processing

NSA

National Security Agency

NYSE

New York Stock Exchange

OTC

over the counter

regNMS

Regulation National Market System

SEC

U.S. Securities and Exchange Commission

TWAP

time-weighted average price

VWAP

volume-weighted average price