Quantitative Trading: How To Build Your Own Algorithmic Trading Business量化交易:如何建立自己的算法交易
by Ernie Chan (Author)
Hardcover: 208 pages Publisher: Wiley (November 17, 2008) Language: English ISBN-10: 0470284889 ISBN-13: 978-0470284889
Editorial ReviewsProduct Description
While institutional traders continue to implement quantitative (or algorithmic) trading, many independent traders have wondered if they can still challenge powerful industry professionals at their own game? The answer is "yes," and in Quantitative Trading, Dr. Ernest Chan, a respected independent trader and consultant, will show you how. Whether you're an independent "retail" trader looking to start your own quantitative trading business or an individual who aspires to work as a quantitative trader at a major financial institution, this practical guide contains the information you need to succeed.
From the Inside Flap
By some estimates, quantitative (or algorithmic) trading now accounts for over one-third of trading volume in the United States. While institutional traders continue to implement this highly effective approach, many independent traders—with limited resources and less computing power—have wondered if they can still challenge powerful industry professionals at their own game? The answer is "yes," and in Quantitative Trading, author Dr. Ernest Chan, a respected independent trader and consultant, will show you how.
Whether you're an independent "retail" trader looking to start your own quantitative trading business or an individual who aspires to work as a quantitative trader at a major financial institution, this practical guide contains the information you need to succeed. Organized around the steps you should take to start trading quantitatively, this book skillfully addresses how to:
- Find a viable trading strategy that you're both comfortable with and confident in
- Backtest your strategy—with MATLAB®, Excel, and other platforms—to ensure good historical performance
- Build and implement an automated trading system to execute your strategy
- Scale up or wind down your strategies depending on their real-world profitability
- Manage the money and risks involved in holding positions generated by your strategy
- Incorporate advanced concepts that most professionals use into your everyday trading activities
- And much more