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Informationen zum Autor 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. Klappentext An insider's view of how to develop and operate an automated proprietary trading networkReflecting 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 choiceEngaging 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. Zusammenfassung 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. Inhaltsverzeichnis Preface xv Chapter 1 Introduction to Systematic Trading 1 1.1 Definition of Systematic Trading 2 1.2 Philosophy of Trading 3 1.2.1 Lessons from the Market 3 1.2.2 Mechanism vs. Organism 5 1.2.3 The Edge of Complexity 5 1.2.4 Is Systematic Trading Reductionistic? 6 1.2.5 Reaction vs. Proaction 6 1.2.6 Arbitrage? 7 1.2.7 Two Viable Paths 7 1.3 The Business of Trading 7 1.3.1 Profitability and Track Record 8 1.3.2 The Product and Its Design 10 1.3.3 The Trading Factory 12 1.3.4 Marketing and Distribution 15 1.3.5 Capital, Costs, and Critical Mass 16 1.4 Psychology and Emotions 19 1.4.1 Ups and Downs 19 1.4.2 Peer Pressure and the Blame Game 20 1.4.3 Trust: Continuity of Quality 20 1.4.4 Learning from Each Other 21 1.5 From Candlesticks in Kyoto to FPGAs in Chicago 22 Part One Strategy Design and Testing Chapter 2 A New Socioeconomic Paradigm 33 2.1 Financial Theory vs. Market Reality 33 2.1.1 Adaptive Reactions vs. Rigid Anticipations 33 2.1.2 Accumulation vs. Divestment Games 37 ...
