Machine Trading: Deploying Computer Algorithms to Conquer the Markets by Ernest

Description: Machine Trading by Ernest P. Chan Dive into algo trading with step-by-step tutorials and expert insight Machine Trading is a practical guide to building your algorithmic trading business. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Dive into algo trading with step-by-step tutorials and expert insight Machine Trading is a practical guide to building your algorithmic trading business. Written by a recognized trader with major institution expertise, this book provides step-by-step instruction on quantitative trading and the latest technologies available even outside the Wall Street sphere. Youll discover the latest platforms that are becoming increasingly easy to use, gain access to new markets, and learn new quantitative strategies that are applicable to stocks, options, futures, currencies, and even bitcoins. The companion website provides downloadable software codes, and youll learn to design your own proprietary tools using MATLAB. The authors experiences provide deep insight into both the business and human side of systematic trading and money management, and his evolution from proprietary trader to fund manager contains valuable lessons for investors at any level. Algorithmic trading is booming, and the theories, tools, technologies, and the markets themselves are evolving at a rapid pace. This book gets you up to speed, and walks you through the process of developing your own proprietary trading operation using the latest tools. Utilize the newer, easier algorithmic trading platformsAccess markets previously unavailable to systematic tradersAdopt new strategies for a variety of instrumentsGain expert perspective into the human side of trading The strength of algorithmic trading is its versatility. It can be used in any strategy, including market-making, inter-market spreading, arbitrage, or pure speculation; decision-making and implementation can be augmented at any stage, or may operate completely automatically. Traders looking to step up their strategy need look no further than Machine Trading for clear instruction and expert solutions. Back Cover Following up on his widely popular algorithmic trading guides, Quantitative Trading and Algorithmic Trading , this third installment is written for quant traders and investors ready for more advanced examinations and techniques. Machine Trading is your accessible companion for the state-of-the-art of algo-trading in todays complex markets. Dont worry if you lack trading and finance experience--if youve worked in a quantitative field, such as computer science, engineering, or physics, this step-by-step resource makes the transition into algorithmic trading seamless. It starts out with a comprehensive look at the latest backtesting and trading platforms, the best- rated and most cost-effective vendors data, and the easiest way to optimize allocations in different assets and strategies. Acquire a firm grasp on options and volatility strategies; factor models, and why they can be useful to short-term traders; and the intricacies of intraday and high-frequency trading, including market microstructure, dark pools, order flow, and backtesting intraday strategies with tick data. There are no canned solutions inside--each prototype trading strategy provides a rock solid foundation for you to customize. Hone your skillset on topics such as: Using factor models for long-term returns and short-term trades, including using option prices as factors Real-world trading with time series techniques, including ARIMA, VAR, and State Space Models with hidden variables Cutting-edge techniques to reduce outfitting in artificial intelligence and machine learning strategies Every chapter includes hands-on exercises walking you through the critical modifications to make on your own to gain control of the strategies and discover their potential. From stocks to futures and options, foreign exchange, and bitcoins, Machine Trading is your one-stop training ground for finding algo-trading solutions. Flap Following up on his widely popular algorithmic trading guides, Quantitative Trading and Algorithmic Trading , this third installment is written for quant traders and investors ready for more advanced examinations and techniques. Machine Trading is your accessible companion for the state-of-the-art of algo-trading in todays complex markets. Dont worry if you lack trading and finance experience--if youve worked in a quantitative field, such as computer science, engineering, or physics, this step-by-step resource makes the transition into algorithmic trading seamless. It starts out with a comprehensive look at the latest backtesting and trading platforms, the best- rated and most cost-effective vendors data, and the easiest way to optimize allocations in different assets and strategies. Acquire a firm grasp on options and volatility strategies; factor models, and why they can be useful to short-term traders; and the intricacies of intraday and high-frequency trading, including market microstructure, dark pools, order flow, and backtesting intraday strategies with tick data. There are no canned solutions inside--each prototype trading strategy provides a rock solid foundation for you to customize. Hone your skillset on topics such as: Using factor models for long-term returns and short-term trades, including using option prices as factors Real-world trading with time series techniques, including ARIMA, VAR, and State Space Models with hidden variables Cutting-edge techniques to reduce outfitting in artificial intelligence and machine learning strategies Every chapter includes hands-on exercises walking you through the critical modifications to make on your own to gain control of the strategies and discover their potential. From stocks to futures and options, foreign exchange, and bitcoins, Machine Trading is your one-stop training ground for finding algo-trading solutions. Author Biography ERNEST P. CHAN is the managing member of QTS Capital Management, LLC, a commodity pool operator and trading advisor since 2011. An alumnus of Morgan Stanley and Credit Suisse, he received his PhD in physics from Cornell University, and was a researcher in machine learning at IBMs T. J. Watson Research Center before joining the financial industry. He is the author of Quantitative Trading and Algorithmic Trading. Find out more about Ernie at Table of Contents Preface ix Chapter 1 The Basics of Algorithmic Trading 1 Chapter 2 Factor Models 27 Chapter 3 Time-Series Analysis 59 Chapter 4 Artificial Intelligence Techniques 83 Chapter 5 Options Strategies 119 Chapter 6 Intraday Trading and Market Microstructure 159 Chapter 7 Bitcoins 201 Chapter 8 Algorithmic Trading Is Good for Body and Soul 215 Bibliography 227 About the Author 235 Index 237 Long Description Praise for Machine Trading "It is easy to make simple ideas complex. It is far more difficult to make complex ideas seem simple. In this book, Ernie has done exactly that. I cannot think of any trader who would not benefit from reading Machine Trading ." Euan Sinclair , Partner, Talton Capital Management; author, Volatility Trading "As with his first two books, Ernie delves into the practical matters of automated trading in Machine Trading . He carefully explains everything from where to find quality data, to which platforms to consider, to timely and topical strategies. In the years since his last book, automation of the investment industry has accelerated, due in large part to the recent Cambrian Explosion in financial technology (FinTech). Ernie has long been teaching the hardtofind methods of automated trading; now he is also a guide to the dizzying array of new companies, technologies, and services for automated trading. Machine Trading takes you deeper into the field with new concepts, while still delivering Ernies signature explanation of the concrete steps of pursuing your own passion for automated trading." John Fawcett , CEO and Founder, Quantopian "Dr. Chan has written another accessible and informationpacked book for the quantminded trader. The book starts with a clear discussion of factor models, advanced time series analysis, and Kalman filters, all of which lead into a detailed description of machine learning and artificial intelligence techniques applied to volatility trading, market microstructure, and even Bitcoins. His focus on finance in a MATLAB context is refreshing and opens the algorithmic trading domain to a whole generation of engineers and quantitative practitioners not familiar with finance but involved in numerate fields like selfdriving cars and proteomics. I highly recommend it." Dr. Taha Jaffer , President, OXOBOXO Inc.; formerly Principal at The Carlyle Group Details ISBN1119219604 Series Wiley Trading ISBN-10 1119219604 ISBN-13 9781119219606 Format Hardcover Place of Publication New York Country of Publication United States Language English Year 2017 DEWEY 332.6 Subtitle Deploying Computer Algorithms to Conquer the Markets Author Ernest P. Chan Media Book Short Title Machine Trading UK Release Date 2017-03-17 NZ Release Date 2017-01-27 Pages 272 Publisher John Wiley & Sons Inc Publication Date 2017-03-17 Imprint John Wiley & Sons Inc Audience Professional & Vocational US Release Date 2017-03-17 AU Release Date 2017-01-26 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:94930587;

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