ForeXistenZ › Academy › Book III · Part Five — The Future
MEMBERS LESSONS · 9 lessons by Steve Rich. Read how each chapter opens and hear PAUL’s preview — the full lessons are part of every ForeXistenZ membership, taught by FX AI.
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While the HFT machines fought over microseconds, a slower and vastly larger machine quietly took over the arena: passive investing. In early 2024, passive index funds and…
For two centuries the stock market kept farmer's hours, and the daily close was the arena's heartbeat: one settlement, one price, one nightly truce. That world is dissolv…
The final frontier of market structure is being surveyed right now: tokenized equities — shares, or claims on shares, issued and traded as tokens on blockchain rails. The…
The speed war hasn't ended, but it is pressing against the limits of physics: the gains now come in nanoseconds, at enormous cost. The next arms race is already underway,…
We started this book with a market you couldn't see: more than a dozen exchanges, hidden oceans, machines trading in millionths of a second, your order sold before it eve…
Reading about the machine is not the same as thinking like it. The machine does arithmetic — relentlessly, without mood, millions of times a day. If you want to understan…
The machine age speaks its own language. These are the terms of market microstructure, high-frequency trading, algorithmic execution and quantitative strategy that matter…
Steve Rich is a 43-year veteran of the global markets — commodities, currencies, gold, and equities — forged in the trenches of the City of London. He built his career re…
This book is the third playbook of a three-part system. Each book stands alone — each was built to be read in any order — but together they form one continuous doctrine, …