Описание: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial marketsIn today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading-automated high-frequency trading or HFT-began and then spread throughout the world.
HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal-light in a vacuum-can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges' systems and to the location of the microwave towers that carry signals between computer datacenters.
Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
A step-by-step approach to the mathematical financial theory and quantitative methods needed to implement and apply state-of-the-art valuation techniques
Written as an accessible and appealing introduction to financial derivatives, "Elementary Financial Derivatives: A Guide to Trading and Valuation with Application"s provides the necessary techniques for teaching and learning complex valuation techniques. Filling the current gap in financial engineering literature, the book emphasizes an easy-to-understand approach to the methods and applications of complex concepts without focusing on the underlying statistical and mathematical theories.
Organized into three comprehensive sections, the book discusses the essential topics of the derivatives market with sections on options, swaps, and financial engineering concepts applied primarily, but not exclusively, to the futures market. Providing a better understanding of how to assess risk exposure, the book also includes: A wide range of real-world applications and examples detailing the theoretical concepts discussed throughout Numerous homework problems, highlighted equations, and Microsoft(R) Office Excel(R) modules for valuation Pedagogical elements such as solved case studies, select answers to problems, and key terms and concepts to aid comprehension of the presented material A companion website that contains an Instructor's Solutions Manual, sample lecture PowerPoint(R) slides, and related Excel files and data sets
"Elementary Financial Derivatives: A Guide to Trading and Valuation with Applications "is an excellent introductory textbook for upper-undergraduate courses in financial derivatives, quantitative finance, mathematical finance, and financial engineering. The book is also a valuable resource for practitioners in quantitative finance, industry professionals who lack technical knowledge of pricing options, and readers preparing for the CFA exam.
Jana Sacks, PhD, is Associate Professor in the Department of Accounting and Finance at St. John Fisher College in Rochester, New York. A member of The American Finance Association, the National Association of Corporate Directors, and the International Atlantic Economic Society, Dr. Sack's research interests include risk management, credit derivatives, pricing, hedging, and structured finance.
Автор: Pardo Название: The Evaluation and Optimization of Trading Strategies 2e ISBN: 0470128011 ISBN-13(EAN): 9780470128015 Издательство: Wiley Рейтинг: Цена: 13306.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today`s extremely competitive markets.
Описание: Dive into algo trading with step-by-step tutorials and expert insight Machine Trading is a practical guide to building your algorithmic trading business.
"Life on earth is filled with many mysteries, but perhaps the most challenging of these is the nature of Intelligence."
- Prof. Terrence J. Sejnowski, Computational Neurobiologist
The main objective of this book is to create awareness about both the promises and the formidable challenges that the era of Data-Driven Decision-Making and Machine Learning are confronted with, and especially about how these new developments may influence the future of the financial industry.
The subject of Financial Machine Learning has attracted a lot of interest recently, specifically because it represents one of the most challenging problem spaces for the applicability of Machine Learning. The author has used a novel approach to introduce the reader to this topic:
The first half of the book is a readable and coherent introduction to two modern topics that are not generally considered together: the data-driven paradigm and Computational Intelligence.
The second half of the book illustrates a set of Case Studies that are contemporarily relevant to quantitative trading practitioners who are dealing with problems such as trade execution optimization, price dynamics forecast, portfolio management, market making, derivatives valuation, risk, and compliance.
The main purpose of this book is pedagogical in nature, and it is specifically aimed at defining an adequate level of engineering and scientific clarity when it comes to the usage of the term "Artificial Intelligence," especially as it relates to the financial industry.
The message conveyed by this book is one of confidence in the possibilities offered by this new era of Data-Intensive Computation. This message is not grounded on the current hype surrounding the latest technologies, but on a deep analysis of their effectiveness and also on the author's two decades of professional experience as a technologist, quant and academic.
Описание: Do you think starting something new, like financial markets or options trading, can be stressful?
Yes, it is, but with this book everything will be simpler and no stress because it will provide you with all the right know-how and tips you need.
Many experts recommend that you save up around six months of required funds to pay all your living expenses, and that is good advice. However, that doesn't mean you have to wait that long to start investing, with the right information, and leveraging your capital with options trading.
The most important thing you need to have is the right know-how and right mindset to earn in the financial markets. Thanks to this book, you don't have to worry anymore.
Being successful in the stock market has nothing to do with your intellect. Instead, you need to be able to fight and control the urges that tend to get other investors into trouble when buying and selling stocks.
You need to be able to think both logically and emotionally about your investments and be able to make your decision based on your head and your gut.
This book was written to meet these needs of yours. So, let's take a look at what you'll learn:
Do's and Don'ts
Technical Vs. Fundamental Analysis
How to Build Your Investment Portfolio
Master the Stocks Market, bond, futures, and forex
How to Choose Dividend Stocks Creating Passive Income
Understanding, Buying and Selling Options
How to choose your financial broker
Financial Leverage
Common Mistakes to Avoid
...And Much More
Yes You too can build wealth even when the stock market is crashing as you will understand the difference between price and value. As Dave says, investing is simple but not easy.
This book focuses on the simplicity of investing.
Read on to take your first step towards becoming a successful investor in the stock market and learn a couple of things to achieve your financial success.
Are you ready to get started? Click BUY NOW to get started today
Автор: Anderson Ed D. Dennis B. Название: Trading E-Mini Stock Index Futures: A New Path to Wealth ISBN: 1532008694 ISBN-13(EAN): 9781532008696 Издательство: Неизвестно Рейтинг: Цена: 2734.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Build a Day Trading Strategy that Delivers.
Want to Make Money From Stocks?
Day Trading for a Living will show you five proven expert trading systems, help you understand the psychology behind successful trading and introduce you to the world of Forex.
Inside you will discover:
How to recognise trading patterns and become the winning 10% of investors
5 Proven expert systems to allow you to navigate the markets with ease
The top indicators to spot trend reversals in order to maximise gains and minimise losses
The right moment to enter and exit the market in order to give yourself the greatest chance of success
The truth behind trader psychology and how to use this to your advantage
20+ case studies and designated learning curves for each of them
The most common pitfalls traders fall into and how to avoid them
The top 21 cognitive biases grouped by theme and practical tips to overcome them
What is the Forex market and how to form the basis of your trading strategy
The top characteristics of successful investors and traders so that you can learn from them
The principle currencies and the forces that drive them so that you know what to look out for when you are building your trading portfolio
The key to understanding price movements so that you can learn how to predict them
In just a few moments from now, this comprehensive guide will allow you to build your wealth by trading daily with confidence.
You can learn trading penny stocks from the masses and become part of the 90% of traders who lose money in the stock market, or you can learn from the Best. The Complete Penny Stock Course is based on Timothy Sykes', various training programs. His strategies have helped individuals like Tim Grittani, Michael Goode and Stephen Dux become millionaires within a couple of years.
This course aims to teach you how to become a consistently profitable trader, by taking Tim's profit-making strategies with penny stocks and presenting them in a well-structured learning format. You'll start by getting acquainted with the concepts of market and trading psychology. Then you'll get into the basics of day trading, how to manage your risk and the tools that will help you become profitable. Along the way, you'll learn strategies and techniques to become consistent in your gains and develop your own trading techniques.
What's inside
Managing expectations and understanding the market
Understanding the psychology of trading and how it affects you
