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High Frequency Trading System Design and Process Management By Xiangguang Xiao Bachelor of Engineering, Tianjin University (1996) Master of Science in Computer Science, Boston University (2006) Submitted to the System Design and Management Program in Partial Fulfillment of th e Requirements for the Degree of Master of Science in Engineering and Management At the Massachusetts Institute of Technology May 2009 0 2009 Massachusetts Institute of Technology All rights reserved ARCHIVES MASSACHUSETTS INSTITUtTE OF TECHNOLOGY SEP 2 3 9 LIBRARIES Signature of Author Xiangguang Xiao System Design and Management Program May 2009 Certified by Prdfssor Roy E. Welsch Thesis Supervisor Professor of Management Science, Statistics, and Engineering Systems Sloan School of Management and Engring Systems DiviiAp Certified by Director System Design and Management Program

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