Download Professional Automated Trading: Theory and Practice, by Eugene A. Durenard
Even the cost of a publication Professional Automated Trading: Theory And Practice, By Eugene A. Durenard is so economical; lots of people are actually thrifty to allot their cash to buy the e-books. The other factors are that they feel bad as well as have no time to visit the publication shop to browse guide Professional Automated Trading: Theory And Practice, By Eugene A. Durenard to review. Well, this is modern era; a lot of books can be obtained effortlessly. As this Professional Automated Trading: Theory And Practice, By Eugene A. Durenard and a lot more books, they could be entered really quick means. You will certainly not have to go outdoors to obtain this e-book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard

Professional Automated Trading: Theory and Practice, by Eugene A. Durenard

Download Professional Automated Trading: Theory and Practice, by Eugene A. Durenard
New upgraded! The Professional Automated Trading: Theory And Practice, By Eugene A. Durenard from the very best author and also author is currently available here. This is guide Professional Automated Trading: Theory And Practice, By Eugene A. Durenard that will certainly make your day reading ends up being completed. When you are searching for the printed book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard of this title in guide store, you might not locate it. The problems can be the restricted editions Professional Automated Trading: Theory And Practice, By Eugene A. Durenard that are given up guide store.
Keep your method to be below and also read this web page completed. You can enjoy searching the book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard that you really refer to obtain. Here, obtaining the soft data of the book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard can be done conveniently by downloading and install in the link page that we give right here. Naturally, the Professional Automated Trading: Theory And Practice, By Eugene A. Durenard will be your own quicker. It's no need to wait for guide Professional Automated Trading: Theory And Practice, By Eugene A. Durenard to receive some days later on after acquiring. It's no should go outside under the warms at center day to visit guide shop.
This is some of the benefits to take when being the participant and obtain the book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard here. Still ask exactly what's different of the other website? We give the hundreds titles that are created by advised writers and also authors, worldwide. The connect to acquire as well as download Professional Automated Trading: Theory And Practice, By Eugene A. Durenard is likewise really simple. You could not discover the challenging website that order to do more. So, the method for you to get this Professional Automated Trading: Theory And Practice, By Eugene A. Durenard will be so simple, won't you?
Based on the Professional Automated Trading: Theory And Practice, By Eugene A. Durenard details that we offer, you could not be so confused to be below and also to be participant. Obtain currently the soft file of this book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard as well as save it to be yours. You conserving can lead you to evoke the ease of you in reading this book Professional Automated Trading: Theory And Practice, By Eugene A. Durenard Also this is kinds of soft file. You can really make better chance to obtain this Professional Automated Trading: Theory And Practice, By Eugene A. Durenard as the advised book to review.

An insider's view of how to develop and operate an automated proprietary trading network
Reflecting author Eugene Durenard's extensive experience in this field, Professional Automated Trading offers valuable insights you won't find anywhere else. It reveals how a series of concepts and techniques coming from current research in artificial life and modern control theory can be applied to the design of effective trading systems that outperform the majority of published trading systems. It also skillfully provides you with essential information on the practical coding and implementation of a scalable systematic trading architecture.
Based on years of practical experience in building successful research and infrastructure processes for purpose of trading at several frequencies, this book is designed to be a comprehensive guide for understanding the theory of design and the practice of implementation of an automated systematic trading process at an institutional scale.
- Discusses several classical strategies and covers the design of efficient simulation engines for back and forward testing
- Provides insights on effectively implementing a series of distributed processes that should form the core of a robust and fault-tolerant automated systematic trading architecture
- Addresses trade execution optimization by studying market-pressure models and minimization of costs via applications of execution algorithms
- Introduces a series of novel concepts from artificial life and modern control theory that enhance robustness of the systematic decision making—focusing on various aspects of adaptation and dynamic optimal model choice
Engaging and informative, Proprietary Automated Trading covers the most important aspects of this endeavor and will put you in a better position to excel at it.
- Sales Rank: #1765918 in Books
- Published on: 2013-10-21
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.32" w x 6.40" l, 1.90 pounds
- Binding: Hardcover
- 384 pages
From the Inside Flap
Trading is a science based on a variety of fields, from mathematics to physics. It is also an art based on knowing and respecting the markets and, equally important, knowing oneself. But most of all, trading is a business that hinges on a carefully understood discipline and process of seeking reward in the face of risk.
No one is more familiar with this than author Eugene Durenard. A recognized expert in automated trading – who has long incorporated aspects of artificial life and robotics systems research into his trading – he knows what it takes to create systematic trading strategies that are adaptive and opportunistic. Now, with this new book, he shares those valuable insights with you. Whether you’re part of a professional prop trading desk or an ambitious individual trader, this practical guide will put you in a better position to successfully navigate today’s competitive markets.
Divided into four comprehensive parts, Professional Automated Trading: Theory and Practice opens with an introductory chapter that sets the stage for modern systematic trading. It critically examines the merits of systematic trading from a philosophical and psychological perspective, as well as focuses on it as a business activity.
With this information in hand, Durenard moves on to skillfully cover the theory, practice, and technologies needed to excel at this endeavor.
- Part I introduces the basic conceptual and programmatic framework for the design of trading strategies as trading agents – exploring data representation, indicators, basic model types, and techniques to test them
- Part II introduces innovative concepts designed to tackle adaptation of trading strategies to changing market conditions. Those include Swarm Systems that help navigate the higher complexity of the markets at lower timescales.
- Part III focuses on the important aspect of trading costs and slippage – discussing the analysis of the intraday bid-offer and volume seasonality in major markets and detailing several algorithmic execution strategies designed to help reduce market impact
- Part IV presents the practical implementation of a real-time, low-latency automated trading infrastructure designed to support a Swarm of Trading Agents operating on a collection of Electronic Commerce Networks (ECNs)
Engaging and accessible, Professional Automated Trading contains the information you need to make the most of automated trading in free markets.
From the Back Cover
“Professional Automated Trading is a unique insight into the highly secretive world of automated trading. Eugene Durenard is uniquely qualified as its author – he not only has the direct experience of cutting-edge technology and the highly technical expertise to push it to its limits, but he also has a unique gift for communicating highly complex ideas in a manner that even a layman can easily understand. All of the techniques actively used in the field are discussed in detail in this book – even highly experienced automated traders will benefit from Eugene’s insights. I don’t think there is a more comprehensive guide available than this – is covers all aspects of automated trading, from database construction to management of a quantitative hedge fund. Many of the topics covered here are ‘inside secrets’ that practitioners rarely reveal.”
-Buford Scott, Global Head of Alternative Asset Group, Standard Chartered Bank, London
“Professional Automated Trading: Theory and Practice is a most welcome reference book on the subject of systematic trading. This book by Eugene Durenard covers the theory, practices, and technologies of the field. Systematic trading is undoubtedly a growing part of the financial markets in large institutions as well as in privately run hedge funds, and Eugene’s book gives a transparent and solid analysis of a subject that appears mysterious to many people.”
-Bernard Saint-Donat, top mathematician, former academic, and active investor running a large family office in New York City
About the Author
Eugene A. Durenard is CEO of DTC Ltd in Bermuda, a firm that specializes in applying systematic techniques to leveraged and real money trading across a wide variety of asset classes. DTC has been acting over the years as investment advisor and manager for a range of institutions including banks, hedge funds, and proprietary trading groups. DTC is currently advising Capital G, the largest private bank in Bermuda, where Eugene acts as Head of Research and Product Development. Eugene is a partner and CIO of ERA Capital Partners, a Chicago-based quantitative systematic Proprietary Trading Group.
Most helpful customer reviews
6 of 6 people found the following review helpful.
Proprietary Automated Trading
By Julian Cook
I think in time this book will come to be seen as kind of a revelation, with some Rosetta Stone thrown in (the LISP part). Enough people have complained about the lisp examples, so I will skip those.
I actually started at the back, because I needed to see how he designed the automated risk sub-system. The fact that substantial attention is devoted to this, should tell you how complete the book is. The entire book is a pretty comprehensive survey of how to build an automated prop trading operation. It's odd that the title says 'professional' whilst the original Wiley description repeatedly refers to the book as 'Proprietary Automated Trading'. This was probably the original title and would have been more appropriate when you see the content.
It's not a book about setting up an HF or automated market-making operation, though some of the strategies discussed could be used at the tick level. The reason is that a large chunk of the book discusses the methodology for measuring performance and optimizing the mix of which strategies are deployed at any one time. This is the real genius (or thought provoking part) of the book. I would previously have assumed that I wanted my mean reversion strategy to be as sophisticated as possible to best predict the range or maybe when to duck for cover. Additionally you might want to couple it with some clever market regime detection.
Durenard does none of that. He runs [effectively paper trades] many strategies with many parameters simultaneously and switches them in and out of real trading based on their 'fitness'. He also optimizes the entire portfolio of strategies. All this is done continuously intra-day. Technically regime detection is done, but it is done by analyzing the performance of the strategies rather than analyzing the market.
Because you need a large amount of infrastructure to achieve all this, it is not really applicable at the CTA or Metatrader level, but it is quite rare for someone to layout a design of how an entire operation should work. For that I would have to award 5 stars, LISP or no LISP.
8 of 9 people found the following review helpful.
Idiosyncratic
By Dimitri Shvorob
As long as the manuscript title includes a "hot" finance concept, Wiley Finance will publish anything by anyone - and invest not a yota of effort into shaping and editing the product. In this case, the publishers were fortunate to enlist a knowledgeable specialist and a good writer. The outcome is an intelligent but under-edited, meandering book that likes mathematical formalism and diagrams, but does not break new ground and promises more than it delivers. ("Swarm strategies"? This sounds like a reference to particle-swarm optimization, but the key element of interaction between particles is missing. Reinforcement learning? Only name-checked. Adaptive strategies? Varying parameters in a particular way based on iterative backtest runs is not about adaptation at all). I doubt that this book is going to teach an "insider", but, despite the much-complained-about LISP, it may please budding stock-trading-bot builders. One suggestion for the latter - "Automated exchange betting" by Colin Magee.
2 of 2 people found the following review helpful.
more useful than most of the other books (with these keywords...)
By Ulf Hamster
just compare this book to other books having keywords like "automated trading", "algorithmic trading", "high frequency", etc attached -- over 90% of these books are only about blabla....
things i didnt like:
- the introduction chapters (Ok that universal bcoz these chapters are for those who want to read blabla...)
- the author wrote somewhere that C++ is incapable of doing multiple inheritance. Thats wrong.
what i didnt expect
- that the author might unvail some hot strategies
- or anything else that might qualify as trade secret
about the LISP examples:
I dont know LISP (the author seems to be a kind of LISP fanboy :) ). But I think everybody with some knowledge of other programming language will understand what the author wanted to say. Of course you can also use UML and pseudocode but then some readers would still complain why the author didnt use their beloved programming language.
things i like about the book
- you can get clue how the software architecture might look like
- the author gives a lot of hints how subsystems can be designed and what is important
See all 9 customer reviews...
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard PDF
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard EPub
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard Doc
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard iBooks
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard rtf
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard Mobipocket
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard Kindle
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard PDF
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard PDF
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard PDF
Professional Automated Trading: Theory and Practice, by Eugene A. Durenard PDF