November 2008
Intermediate to advanced
208 pages
4h 13m
English
Content preview from Quantitative Trading : How to Build Your Own Algorithmic Trading BusinessBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Preface
By some estimates, quantitative or algorithmic trading now accounts for over one-third of the trading volume in the United States. There are, of course, innumerable books on the advanced mathematics and strategies utilized by institutional traders in this arena. However, can an independent, retail trader benefit from these algorithms? Can an individual with limited resources and computing power backtest and execute their strategies over thousands of stocks, and come to challenge the powerful industry participants in their own game?
I will show you how this can, in fact, be achieved.
WHO IS THIS BOOK FOR?
I wrote this book with two types of readers in mind:
Aspiring independent ("retail") traders who are looking to start a quantitative trading business.
Students of finance or other technical disciplines (at the undergraduate or MBA level) who aspire to become quantitative traders and portfolio managers at major institutions.
Can these two very different groups of readers benefit from the same set of knowledge and skills? Is there anything common between managing a $100 million portfolio and managing a $100,000 portfolio? My contention is that it is much more logical and sensible for someone to become a profitable $100,000 trader before becoming a profitable $100 million trader. This can be shown to be true on many fronts.
Many legendary quantitative hedge fund managers such as Dr. Edward Thorp of the former Princeton-Newport Partners (Poundstone, 2005) and Dr. Jim Simons of Renaissance ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.