An Introduction to Algorithmic Trading PDF ePub eBook

Books Info:

An Introduction to Algorithmic Trading free pdf Interest in algorithmic trading is growing massively it s cheaper, faster and better to control than standard trading, it enables you to pre-think the market, executing complex math in real time and take the required decisions based on the strategy defined. We are no longer limited by human bandwidth . The cost alone (estimated at 6 cents per share manual, 1 cent per share algorithmic) is a sufficient driver to power the growth of the industry. According to consultant firm, Aite Group LLC, high frequency trading firms alone account for 73% of all US equity trading volume, despite only representing approximately 2% of the total firms operating in the US markets. Algorithmic trading is becoming the industry lifeblood. But it is a secretive industry with few willing to share the secrets of their success. The book begins with a step-by-step guide to algorithmic trading, demystifying this complex subject and providing readers with a specific and usable algorithmic trading knowledge. It provides background information leading to more advanced work by outlining the current trading algorithms, the basics of their design, what they are, how they work, how they are used, their strengths, their weaknesses, where we are now and where we are going. The book then goes on to demonstrate a selection of detailed algorithms including their implementation in the markets. Using actual algorithms that have been used in live trading readers have access to real time trading functionality and can use the never before seen algorithms to trade their own accounts. The markets are complex adaptive systems exhibiting unpredictable behaviour. As the markets evolve algorithmic designers need to be constantly aware of any changes that may impact their work, so for the more adventurous reader there is also a section on how to design trading algorithms. All examples and algorithms are demonstrated in Excel on the accompanying CD ROM, including actual algorithmic examples which have been used in live trading.

About Edward Leshik

Edward Leshik has spent the last 12 years trading his ownaccount and researching the microeconomics of the NASDAQ and NewYork Stock Exchange markets. Previously he was CEO of anelectronics company, supplying point of sale electronics to majorretailers such as Sears and Sunoco in Canada and Allied Breweriesin the UK, where he gained considerable electronics experience andwas the first to automate an assembly line using electronics in theUK. His main academic background is in mathematics and physics andhe has a great interest in the theories of Universality andComplexity as applied to the markets. He is currently developing afully automated algorithmic trading system with his co-author JaneCralle.

Jane Cralle began her career in stockbrokerage atPaineWebber, and later spent 22 years at Linker Capital ManagementInc. managing the accounts of high net worth individuals. She has awide knowledge of the markets and is an expert trader and investor- her extensive experience is invaluable gauging the longrun' of market evolution. She is currently researching anddeveloping an automated algorithmic trading system with Edward, andher specialty of cluster analysis of the S


Details Book

Author : Edward Leshik
Publisher : John Wiley
Data Published : 25 February 2011
ISBN : 0470689544
EAN : 9780470689547
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 272 pages
Age + : 15 years
Language : English
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