{"product_id":"quantitative-trading-how-to-build-your-own-algorithmic-trading-business-wiley-trading","title":"Quantitative Trading: How to Build Your Own Algorithmic Trading Business (Wiley Trading)","description":"\u003cp\u003e\u003cspan class=\"a-text-bold\"\u003eMaster the lucrative discipline of quantitative trading with this insightful handbook from a master in the field\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eIn the newly revised Second Edition of \u003c\/span\u003e\u003cspan class=\"a-text-italic\"\u003eQuantitative Trading: How to Build Your Own Algorithmic Trading Business,\u003c\/span\u003e\u003cspan\u003e quant trading expert Dr. Ernest P. Chan shows you how to apply both time-tested and novel quantitative trading strategies to develop or improve your own trading firm.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eYou'll discover new case studies and updated information on the application of cutting-edge machine learning investment techniques, as well as:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul class=\"a-unordered-list a-vertical\"\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan\u003eUpdated back tests on a variety of trading strategies, with included Python and R code examples\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan\u003eA new technique on optimizing parameters with changing market regimes using machine learning.\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan\u003eA guide to selecting the best traders and advisors to manage your money\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003ePerfect for independent retail traders seeking to start their own quantitative trading business, or investors looking to invest in such traders, this new edition of \u003c\/span\u003e\u003cspan class=\"a-text-italic\"\u003eQuantitative Trading\u003c\/span\u003e\u003cspan\u003e will also earn a place in the libraries of individual investors interested in exploring a career at a major financial institution.\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003ch2\u003eProduct details\u003c\/h2\u003e\n\u003cdiv id=\"detailBullets_feature_div\"\u003e\n\u003cul class=\"a-unordered-list a-nostyle a-vertical a-spacing-none detail-bullet-list\"\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003ePublisher ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003eWiley\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003ePublication date ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003eJuly 27, 2021\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eEdition ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e2nd\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eLanguage ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003eEnglish\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003ePrint length ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e256 pages\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eISBN-10 ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e1119800064\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eISBN-13 ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e978-1119800064\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eItem Weight ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e7.4 ounces\u003c\/span\u003e\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan class=\"a-list-item\"\u003e\u003cspan class=\"a-text-bold\"\u003eDimensions ‏ : ‎\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan\u003e6.3 x 1.1 x 9.1 inches\u003cbr\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cspan class=\"a-list-item\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003e\u003cstrong\u003e\u003cspan class=\"a-list-item\"\u003eFAQ:\u003cbr\u003e\u003c\/span\u003e\u003c\/strong\u003e\u003c\/h2\u003e\n\u003ch3 data-path-to-node=\"3\"\u003e1. Do I need to be a math genius or a pro coder to understand this book?\u003c\/h3\u003e\n\u003cp data-path-to-node=\"4\"\u003eNot necessarily, but you do need a foundation. Dr. Chan writes for the \"independent trader,\" meaning he explains complex concepts in a way that is accessible. However, you should have a basic grasp of:\u003c\/p\u003e\n\u003cul data-path-to-node=\"5\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"5,0,0\"\u003eStatistics:\u003c\/b\u003e Concepts like mean reversion and standard deviation.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"5,1,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"5,1,0\"\u003eProgramming:\u003c\/b\u003e The book primarily uses \u003cb data-index-in-node=\"37\" data-path-to-node=\"5,1,0\"\u003ePython\u003c\/b\u003e (updated from MATLAB in the 1st edition) to demonstrate backtesting and execution.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"6\"\u003e2. What are the major differences between the 1st and 2nd Editions?\u003c\/h3\u003e\n\u003cp data-path-to-node=\"7\"\u003eThe 2nd Edition is a significant overhaul. The most notable changes include:\u003c\/p\u003e\n\u003cul data-path-to-node=\"8\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,0,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"8,0,0\"\u003ePython Integration:\u003c\/b\u003e Moving away from MATLAB to Python, reflecting the current industry standard.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,1,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"8,1,0\"\u003eUpdated Strategy Examples:\u003c\/b\u003e New insights into intraday trading and modern market regimes.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,2,0\"\u003e\u003cb data-index-in-node=\"0\" data-path-to-node=\"8,2,0\"\u003eCloud Computing:\u003c\/b\u003e Updated advice on using cloud servers (like AWS) for 24\/7 automated trading.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3 data-path-to-node=\"9\"\u003e3. Does the book provide \"ready-to-use\" profitable strategies?\u003c\/h3\u003e\n\u003cp data-path-to-node=\"10\"\u003eThe book provides \u003cb data-index-in-node=\"18\" data-path-to-node=\"10\"\u003eframeworks\u003c\/b\u003e rather than \"get rich quick\" code. While it includes specific examples of Mean Reversion and Momentum strategies, the goal is to teach you how to:\u003c\/p\u003e\n\u003col data-path-to-node=\"11\" start=\"1\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,0,0\"\u003eIdentify a statistical edge.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,1,0\"\u003eBack test it rigorously to avoid \"data snooping\" bias.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"11,2,0\"\u003eManage the risk once the strategy goes live.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003ch3 data-path-to-node=\"12\"\u003e4. Is this book suitable for high-frequency trading (HFT)?\u003c\/h3\u003e\n\u003cp data-path-to-node=\"13\"\u003eNo. This book focuses on \u003cb data-index-in-node=\"25\" data-path-to-node=\"13\"\u003eInstitutional-style Quantitative Trading\u003c\/b\u003e accessible to individuals. HFT requires massive capital expenditure on hardware and \"colocation\" (placing servers next to the exchange). Dr. Chan focuses on strategies with holding periods ranging from minutes to days, which can be run from a home office or a standard cloud server.\u003c\/p\u003e\n\u003ch3 data-path-to-node=\"14\"\u003e5. What is the \"Business\" aspect mentioned in the title?\u003c\/h3\u003e\n\u003cp data-path-to-node=\"15\"\u003eUnlike many technical manuals, this book treats trading as a \u003cb data-index-in-node=\"61\" data-path-to-node=\"15\"\u003estartup business\u003c\/b\u003e. It covers the non-glamorous but essential \"plumbing\" of a trading firm:\u003c\/p\u003e\n\u003cul data-path-to-node=\"16\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"16,0,0\"\u003eChoosing the right broker and data providers.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"16,1,0\"\u003eThe legal and tax implications of setting up a trading entity.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"16,2,0\"\u003ePsychological management and why most \"automated\" traders still fail due to human interference.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003chr data-path-to-node=\"17\"\u003e\n\u003ch2\u003e\u003cstrong\u003e\u003cspan class=\"a-list-item\"\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/strong\u003e\u003c\/h2\u003e\n\u003c\/div\u003e","brand":"bestbooksdeals","offers":[{"title":"Default Title","offer_id":56947449430398,"sku":null,"price":33.9,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0988\/5129\/1518\/files\/quantitative-trading-ernie-chan-2nd-edition-9781119800064.jpg?v=1774698076","url":"https:\/\/booksbunglow.uk\/products\/quantitative-trading-how-to-build-your-own-algorithmic-trading-business-wiley-trading","provider":"booksbunglow","version":"1.0","type":"link"}