November 2019
Beginner
394 pages
10h 31m
English
A modern algorithmic trading business is essentially a technology business, hence giving birth to the new term FinTech to mean the intersection of finance and technology. Computer software is designed, developed, and tested by humans who are error-prone and sometimes, these errors creep into trading systems and algorithmic trading strategies. Software implementation bugs are often the most overlooked source of risk in algorithmic trading. While operation risk and market risk are extremely important, software implementation bugs have the potential to cause millions of dollars in losses, and there have been many cases of firms going bankrupt due to software implementation bugs within minutes.
In recent times, ...