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Rishi K. Narang : Inside The Blackbox deuxième édition couverture rigide 2013
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- Achat immédiatRishi K. Narang : Inside The Blackbox deuxième édition couverture rigide 2013
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Lieu : Ozone Park, New York, États-Unis
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Numéro de l'objet eBay :285491362093
Dernière mise à jour : sept. 26, 2023 17:44:53 HAEAfficher toutes les modificationsAfficher toutes les modifications
Caractéristiques de l'objet
- État
- Type
- Book
- Signed
- No
- Book Series
- N/A
- Ex Libris
- No
- Narrative Type
- Finance
- Features
- Dust Jacket
- Original Language
- English
- Intended Audience
- N/A
- Country/Region of Manufacture
- United States
- Inscribed
- No
- Edition
- second
- ISBN
- 9781118362419
- Book Title
- Inside the Black Box : a Simple Guide To&Nbsp;Quantitative and High-Frequency Trading
- Item Length
- 9.1in
- Publisher
- Wiley & Sons, Incorporated, John
- Publication Year
- 2013
- Format
- Hardcover
- Language
- English
- Item Height
- 1.3in
- Genre
- Business & Economics
- Topic
- Investments & Securities / Portfolio Management, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / Stocks, Investments & Securities / General
- Item Width
- 6.2in
- Item Weight
- 17.6 Oz
- Number of Pages
- 336 Pages
À propos de ce produit
Product Information
High Praise for Inside the Black Box "Rishi provides a comprehensive overview of quantitative investing that should prove useful both to those allocating money to quant strategies and those interested in becoming quants themselves. Rishi's experience as a wellrespected quant Fund of Funds manager and his solid relationships with many practitioners provide ample useful material for his work." PETER MULLER, founder, PDT Partners "Quantitative trading, like all investment strategies, gets more complex yet more interesting the deeper you dig into it. Rishi deftly peels back the layers, walking readers through each building block and their combination, then providing useful chapters on evaluating modelbased approaches and finally a new section surveying highfrequency trading. Anyone approaching the space will learn something from this clear, thorough, and readable book." ALEKSANDER WEILER, CFA, Senior Portfolio Manager, Public Market Investments, Canada Pension Plan Investment Board "Rishi continues to demystify even more quantitative trading areas in this excellent new edition. Significant updates include several new chapters that shine muchneeded light on highspeed and highfrequency trading. This book continues to be a mustread for anyone interested in quantitative trading." STEVE EVANS, Managing Director of Quantitative Trading, Tudor Investment Corporation "In Inside the Black Box: A Simple Guide to Quantitative and HighFrequency Trading , Rishi Narang demystifies quantitative trading. His explanation and classification of alpha will enlighten even a seasoned veteran." BLAIR HULL, former founder of Hull Trading Co. and founder of Ketchum Trading "In this updated edition, Rishi again provides an insightfultaxonomy of a wide range of systematic trading strategies in liquid instruments. Without the extensive use of complex formulae, this book offers intutitive explanations of some of the choices faced by quants in constructing trading systems, and is a valuable read for investors and quantitative trading practitioners alike." ROSS GARON, Managing Director, Quantitative Strategies, SAC Capital Advisors, LP "Rishi takes a complicated subject and distills it down to its essentials using nontechnical language and numerous concrete examples to bring concepts alive. Inside the Black Box provides readers with a valuable framework to understand the various components of quant strategies and insights on how to evaluate and interview quant managers. Inside the Black Box is a useful reference guide for any institutional allocator to quant strategies." DAREN SMITH, CFA, CAIA, FSA, Managing Director, Manager Selection && Portfolio Construction, University of Toronto Asset Managment "If a car were a black box, Rishi would be the gentle voice of the navigation system. Not the one driving, but if you want to know where everyone is going: just listen." HAROLD de BOER, CEO, Transtrend
Product Identifiers
Publisher
Wiley & Sons, Incorporated, John
ISBN-10
1118362411
ISBN-13
9781118362419
eBay Product ID (ePID)
143565986
Product Key Features
Book Title
Inside the Black Box : a Simple Guide To&Nbsp;Quantitative and High-Frequency Trading
Format
Hardcover
Language
English
Topic
Investments & Securities / Portfolio Management, Investments & Securities / Analysis & Trading Strategies, Investments & Securities / Stocks, Investments & Securities / General
Publication Year
2013
Genre
Business & Economics
Number of Pages
336 Pages
Dimensions
Item Length
9.1in
Item Height
1.3in
Item Width
6.2in
Item Weight
17.6 Oz
Additional Product Features
Series Volume Number
846
Lc Classification Number
Hg4529.5.N37 2013
Edition Number
2
Table of Content
Preface to the Second Edition xiii Acknowledgments Part One The Quant Universe Chapter 1 Why Does Quant Trading Matter? 3 The Benefit of Deep Thought 8 The Measurement and Mismeasurement of Risk 9 Disciplined Implementation 10 Summary 11 Notes 11 Chapter 2 An Introduction to Quantitative Trading 13 What Is a Quant? 14 What Is the Typical Structure of a Quantitative Trading System? 16 Summary 19 Notes 20 Part Two Inside the Black Box Chapter 3 Alpha Models: How Quants Make Money 23 Types of Alpha Models: Theory-Driven and Data-Driven 24 Theory-Driven Alpha Models 26 Data-Driven Alpha Models 42 Implementing the Strategies 45 Blending Alpha Models 56 Summary 62 Notes 64 Chapter 4 Risk Models 67 Limiting the Amount of Risk 69 Limiting the Types of Risk 72 Summary 76 Notes 78 Chapter 5 Transaction Cost Models 79 Defining Transaction Costs 80 Types of Transaction Cost Models 85 Summary 90 Note 91 Chapter 6 Portfolio Construction Models 93 Rule-Based Portfolio Construction Models 94 Portfolio Optimizers 98 Output of Portfolio Construction Models 112 How Quants Choose a Portfolio Construction Model 113 Summary 113 Notes 115 Chapter 7 Execution 117 Order Execution Algorithms 119 Trading Infrastructure 128 Summary 130 Notes 131 Chapter 8 Data 133 The Importance of Data 133 Types of Data 135 Sources of Data 137 Cleaning Data 139 Storing Data 144 Summary 145 Notes 146 Chapter 9 Research 147 Blueprint for Research: The Scientific Method 147 Idea Generation 149 Testing 151 Summary 170 Note 171 Part Three A Practical Guide for Investors in Quantitative Strategies Chapter 10 Risks Inherent to Quant Strategies 175 Model Risk 176 Regime Change Risk 180 Exogenous Shock Risk 184 Contagion, or Common Investor, Risk 186 How Quants Monitor Risk 193 Summary 195 Notes 195 Chapter 11 Criticisms of Quant Trading 197 Trading Is an Art, Not a Science 197 Quants Cause More Market Volatility by Underestimating Risk 199 Quants Cannot Handle Unusual Events or Rapid Changes in Market Conditions 204 Quants Are All the Same 206 Only a Few Large Quants Can Thrive in the Long Run 207 Quants Are Guilty of Data Mining 210 Summary 213 Notes 213 Chapter 12 Evaluating Quants and Quant Strategies 215 Gathering Information 216 Evaluating a Quantitative Trading Strategy 218 Evaluating the Acumen of Quantitative Traders 221 The Edge 223 Evaluating Integrity 227 How Quants Fit into a Portfolio 229 Summary 231 Note 233 Part Four High-Speed and High-Frequency Trading Chapter 13 An Introduction to High-Speed and High-Frequency Trading* 237 Notes 241 Chapter 14 High-Speed Trading 243 Why Speed Matters 244 Sources of Latency 252 Summary 262 Notes 263 Chapter 15 High-Frequency Trading 265 Contractual Market Making 265 Noncontractual Market Making 269 Arbitrage 271 Fast Alpha 273 HFT Risk Management and Portfolio Construction 274 Summary 277 Note 277 Chapter 16 Controversy Regarding High-Frequency Trading 279 Does HFT Create Unfair Competition? 280 Does HFT Lead to Front-Running or Market Manipulation? 283 Does HFT Lead to Greater Volatility or Structural Instability? 289 Does HFT Lack Social Value? 296 Regulatory Considerations 297 Summary 299 Notes 300 Chapter 17 Looking to the Future of Quant Trading 303 About the Author 307 Index 309
Copyright Date
2013
Lccn
2012-047248
Dewey Decimal
332.64/2
Intended Audience
Trade
Series
Wiley Finance Ser.
Dewey Edition
22
Illustrated
Yes
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Le vendeur assume l'entière responsabilité de cette annonce.
Numéro de l'objet eBay :285491362093
Dernière mise à jour : sept. 26, 2023 17:44:53 HAEAfficher toutes les modificationsAfficher toutes les modifications
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