I found an interesting discussion about book trading. It goes back to 2003, but the concepts that are discussed are pretty much the same on which JBookTrader operates today. Here is a particular post: http://www.elitetrader.com/vb/showthread.php?s=&postid=399844#post399844 The post is by user "abogdan", and you may want to read his other entries in that particular thread. "abogdan" turned out to be Alex Bogdan, the president of Quantitative Alpha Trading (http://qatinc.com/directors.php), the company that specializes in algorithmic trading.
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