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: Fitt

skype: Sergey.zhk
smarttrades.ru

2013


1.

2.

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1.1

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1.2

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1.3

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1.4

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1.5

HFT ...........................................................................................................................10

...............................................................................................................10
2.1

..................................................................................................10

2.2

...................................................................................................................................12

2.2.1.

V .....................................................................................................12

2.2.2.

U- .....................................................................................................14

2.3.

3.

............................................................................................................................15

2.3.1

...........................................................................................................................16

2.3.2

....................................................................................................................18

2.4

.............................................................................................................................18

2.5

........................................................................................................................20

2.6

.....................................................................................................................20

2.7

..................................................................................22

...................................................................25
3.1

. ............................................................................................................25

3.2

. .......................................................................................................28

3.3

. ......................................................................................................................29

3.3.1

.......................................................................29

3.3.2

.........................................................................30

3.3.3

...........................................................................................................30

3.3.4

.........................................................................................................31

3.3.5

............................................................................31

3.3.6

.......................................31

...............................................................................33
4.1

............................................................................................................................33

4.1.1

..........................................................................34

4.1.2

.........................................................35

4.1.3

...............................................................36

4.1.4

.....................................................................................................37

4.2

....................................................................................................38
1

4.2.1

...............................................39

4.2.2

..............................40

4.2.3

.....................................41

4.2.4

............42

4.2.5

...................43

4.2.6

...............................................45

4.2.7

..............................46

4.2.8

....................................47

4.2.9

............48

4.2.10

..................49

4.3
5.

6.

7.

.......................................................................................51

-. .................................................................................................52
5.1

..................................................................................52

5.2

...........................................................................................................53

5.3

..................................................................................................53

.........................................................................................................................55
6.1

.....................................................................................55

6.2

.........................................................................................56

6.3

...........................................................................................56

6.4

...........................................................................................................................................57

6.5

........................................................................................59

6.6

...................................................................................................................60

............................................................................................................................62
7.1

..........................................................................................................................62

7.2

.....................................................................................................................63

7.3

............................................................................................................................63

7.4

............................................................................................................64

7.5

...............................................................................................................64

7.6

................................................................................................................65

8.

........................................................................................................................................67

9.

.............................................................................................................68


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Bank of America Merrill Lynch
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Morgan Stanley
Citi
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7.2
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( 50%
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8.


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(United Traders)
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: Fitt

Sergey.zhk

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