E.P Chan 量化交易
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2014-01-21
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$60.00 USA / $66.00 CAN
B
y some estimates, quantitative (or algorithmic)
trading now accounts for over one-third of
trading volume in the United States. While
institutional traders continue to implement this highly
effective approach, many independent traders—with
limited resources and less computing power—have
wondered if they can still challenge powerful industry
professionals at their own game? The answer is “yes,”
and in Quantitative Trading, author Dr. Ernest Chan,
a respected independent trader and consultant, will
show you how.
Whether you’re an independent “retail” trader looking
to start your own quantitative trading business or an
individual who aspires to work as a quantitative
trader at a major fi nancial institution, this practical
guide contains the information you need to succeed.
Organized around the steps you should take to start
trading quantitatively, this book skillfully addresses
how to:
• Find a viable trading strategy that you’re both comfortable
w
ith and confident in
• Backtest your strategy—with MATLAB
®
, Excel, and other
platforms—to ensure good historical performance
• Build and implement an automated trading system to
e
xecute your strategy
• Scale up or wind down your strategies depending on their
r
eal-world profitability
• Manage the money and risks involved in holding positions
generated
by your strategy
• Incorporate advanced concepts that most professionals use
i
nto your everyday trading activities
• And much more
Wh
ile Dr. Chan takes the time to outline the essential
aspects of turning quantitative trading strategies
into profi ts, he doesn’t get into overly theoretical
or sophisticated theories. Instead, he highlights the
simple tools and techniques you can use to gain a
much-needed edge over today’s institutional traders.
And for those who want to keep up with the
latest news, ideas, and trends in quantitative
trading, you’re welcome to visit Dr. Chan’s blog,
epchan.blogspot.com, as well as his premium
content Web site, epchan.com/subscriptions,
which you’ll have free access to with purchase of
this book.
As an independent trader, you’re free from the con-
straints found in today’s institutional environment—
and as long as you adhere to the discipline of
quantitative trading, you can achieve signifi cant
returns. With this reliable resource as your guide,
you’ll quickly discover what it takes to make it in such
a dynamic and demanding fi eld.
(CONTINUED FROM FRONT FLAP)
(CONTINUED ON BACK FLAP)
Praise for Quantitative Trading
“As technology has evolved, so has the ease in developing trading strategies. Ernest Chan does all
traders, current and prospective, a real service by succinctly outlining the tremendous benefi ts, but also
some of the pitfalls, in utilizing many of the recently implemented quantitative trading techniques.”
—
PETER BORISH, Chairman and CEO, Computer Trading Corporation
“Dr. Ernest Chan provides an optimal framework for strategy development, back-testing, risk management,
pr
ogramming knowledge, and real-time system implementation to develop and run an algorithmic trading
business step by step in Quantitative Trading.”
—
YASER ANWAR, trader
“Quantitative systematic trading is a challenging fi
eld that has always been shrouded in mystery,
seemingly too diffi cult to master by all but an elite few. In this honest and practical guide, Dr. Chan
highlights the essential cornerstones of a successful automated trading operation and shares lessons he
learned the hard way while offering clear direction to steer readers away from common traps that both
individual and institutional traders often succumb to.”
—
ROSARIO M. INGARGIOLA, CTO, Alphacet, Inc.
“This book provides valuable insight into how private investors can establish a solid structure for success
i
n algorithmic trading. Ernie’s extensive hands-on experience in building trading systems is invaluable for
aspiring traders who wish to take their knowledge to the next level.”
—
RAMON CUMMINS, private investor
“Out of the many books and articles on quantitative trading that I’ve read over the years, very few have
b
een of much use at all. In most instances, the authors have no real knowledge of the subject matter, or do
have something important to say but are unwilling to do so because of fears of having trade secrets stolen.
Ernie subscribes to a different credo: Share meaningful information and have meaningful interactions
with the quantitative community at large. Ernie successfully distills a large amount of detailed and diffi cult
subject matter down to a very clear and comprehensive resource for novice and pro alike.”
—
STEVE HALPERN, founder, HCC Capital, LLC
Wiley Trading
ERNEST P. CHAN
How to Build Your Own Algorithmic Trading Business
JACKET DESIGN: PAUL McCARTHY
JACKET ART: © DON RELYEA
ERNEST P. CHAN, PHD, is a quantitative
trader and consultant who advises clients on how
to implement automated statistical trading strategies.
He has worked as a quantitative researcher and
trader in various investment banks including Morgan
Stanley and Credit Suisse, as well as hedge funds
such as Mapleridge Capital, Millennium Partners,
and MANE Fund Management. Dr. Chan earned a
PhD in physics from Cornell University.
Quantitative
Trading
CHAN
Quantitative Trading
How to Build Your Own
Algorithmic Trading Business
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资源评论
bouquet2016-11-25需要有些基础才会更有体会，里面介绍不同阶段的量化分析心得 对细化模型有一定帮助，但是具体实例较少，感觉总缺少点什么
aramischen2014-01-28不过不失的基础知识讲解。英文版。
