I was looking through book catalogues and databases when I noticed something: most books about direct access "electronic day trading" for retail traders were published between 1998-2002, with little afterwards. Examples of the more popular titles are:
- The Electronic Day Trader by Marc Friedfertig, George West — published in 1998.
- How to Get Started in Electronic Day Trading by David Nassar — published in 2001.
- Financial Freedom Through Electronic Day Trading by Van Tharp, Brian June — published in 2001.
If not mistaken, this "electronic day trading" involves direct market access to NASDAQ. I am surprised that there is little of this material after 2002.
What is the reason? Was that style of trading just a fad, or were there structural changes to the market that after 2002 that made the trading method obsolete? What were the structural changes? Did the rise of quantitative finance have a role?