A hands-on guide to the fast and ever-changing world of high-frequency, algorithmic trading. Financial markets are undergoing rapid innovation due to the continuing proliferation of computer power and algorithms. These developments have created a new investment discipline called high-frequency trading. This book covers all aspects of high-frequency trading, from the business case and formulation of ideas through the development of trading systems to application of capital and subsequent performance evaluation. It also includes numerous quantitative trading strategies, with market microstructure, event arbitrage, and deviations arbitrage discussed in great detail. Contains the tools and techniques needed for building a high-frequency trading system. Details the post-trade analysis process, including key performance benchmarks and trade quality evaluation Written by well-known industry professional Irene Aldridge. Interest in high-frequency trading has exploded over the past year. This book has what you need to gain a better understanding of how it works and what it takes to apply this approach to your trading endeavors.
This book simply and effectively traces the evolution and development of Internet stock trading and is an attempt to convert a novice into informed internet-based investors. Keeping in view of the rising trend of net-based technology in stock market, the attempt is made to examine the attitudes of adopters and non-adopters toward Internet stock trading. The attitude of Net brokers and non-net brokers is also brought to consideration by the book. The attempt is also made to examine the problems and prospects of Net-based trading. The book also identifies the various factors which discriminate between adopters and non-adopters, and net brokers and non-net brokers. The book may aid the stockbrokers as also the policymakers in devising more effective strategies to encourage Internet stock trading. Besides, the book may also provide the researchers as well as the practitioners with better understanding of the potential of Internet stock trading. Last and but not the least, the book also provides students and investors the information about novel way of trading channel to earn money by trading directly through their stockbrokers from the comfort of their homes by just one click of mouse.
Derivatives market within a short span of time has become an important trading instrument. Everybody wants to know and talk about derivatives; however they remain a unique type of financial instrument that few of us understand. This book is aimed at providing an in-depth insight for a better understanding of instruments and strategies used in derivatives market. Instruments such as Forwards, Futures, Options and Swaps are widely discussed along with strategies such as Cap, Floor, Vanilla, Collars among others. This book provides a conceptual framework in integrating trading strategies to derivatives market. It also enlightens with the insight of review of literature, procedure of a study and a detailed qualitative and quantitative analysis of the data collected. This book will attract people from many concerns i.e. economist, administrators, investors, market analysts and researchers. Even a layman can benefit by reading the book thereby making an appropriate investment strategy.
The Active Trader Guide to Technical Indicators and Trading Tools
This book is an effort to fulfill the need of students, scholars and professionals in getting appropriate insight into this complex subject. The book gives an in-depth explanation of the concepts, strategies and considerations involved in derivatives and options trading. This book includes six different chapters on various topics of derivatives and options trading. The first two chapters provide an introduction to derivatives securities and the basics of futures and forward contracts. Third chapter describes basics of options contracts and its terminology, types of options etc. In chapter four, it describes how to trade in options contracts, it also discuss do’s and don’t’s in options trading. Chapter five and chapter six includes detailed discussion about the detail of options trading and different options strategies to hedge in the market, like butterfly, straddle, strangle, condor etc. There are many excellence books on derivatives and it has its own strength. I decided to put detail about only options trading and its different strategies of it.
They say that the Trend is Your Friend, but what happens at the End of a Trend? Think about what happened to millions of investors when the dot-com boom went bust, or the subprime mortgage crisis blew up the world's financial markets. In this step-by-step (and always entertaining) guide, a proven counter-trend trader shows real-world examples of how to identify and profit from the warning signs that short-term and long-term trends are reaching a conclusion. The trading style is called "The Wallaby Trade," and it's the most complete book available on the subject of using divergence to trade against the crowd. If you are a trend-follower, then this book contains essential strategies and techniques for entering a trend on critical "pullbacks," and if you're a straight-up contrarian, Rob demonstrates powerful examples of divergence that serve as low-risk entries before the biggest moves in the financial world. When the crowd realizes that the party is over, where will you be? This book isn't about the general concept of trading against the masses, but rather a practical guide suitable for new and experienced traders alike. The chapters move fast and the book doesn't waste any time: Lots of examples, clear rules, and brutal honesty on every page. Chapters include: 1. What the heck is a Wallaby Trade? 2. What can the Wallaby Trade Do? 3. Bearish Divergence 4. Bullish Divergence 5. Bending the Divergence Rules for More Trades 6. Entering a Wallaby Trade Successfully 7. Wallaby Trade Sizing 8. Risk Management and the Wallaby 9. Profit Targets for the Wallaby And 9 bonus Appendix sections that detail best financial instruments for trading the Wallaby, dealing with adversity in counter-trend trading, character traits of great contrarian traders, and more.
This study is an empirical analysis on technical trading rules utilizing spot euro-dollar hourly exchange rates over a period from May 07, 2010 till October 19, 2011. This time period includes 9096 observations over approximately 1 year and 5 months. The study presents a comprehensive study of performance across popular Trend Indicators (Simple Moving Average, Linear-Weighted Moving Average, Exponential Moving Average, Bollinger Bands, and the Commodity Channel Index) and Oscillators (the Rate of Change, and Moving Average Convergence-Divergence). In total, 369 trading rules of different time length are analyzed. The results indicate a list of trading rules which significantly outperform ‘buy-and-hold’ strategy as well as characteristics important for traders such as average duration of one trade, standard deviations of buy and sell signals, number of winning buys and sells, average profitability of one trade, etc.
The Evaluation and Optimization of Trading Strategies
Business-to-business electronic commerce is booming but for many companies attempting to do business electronically, it seems like a nightmare journey into the unknown rather than the golden road to competitive advantage. Firms are finding that prices are under pressure, profit margins are hit, new competitors appear from nowhere and benefits are hard to realize. Drawing on case studies of companies such as Marshall Industries, FedEx, Industry.Net, Amazon.com, Citius Belgium and TradeZone, Paul Timmers addresses the critical issues facing managers today as they endeavour to move into a new business environment. Looking at the opportunities and the risks involved, the book provides in-depth practical examples of how innovative companies are developing competitive advantage by doing business on the Internet. The author then goes on to show companies how they can organize their business, by providing a systematic classification of electronic commerce business models and a range of tools for the development of Internet marketing strategies. Finally, a number of scenarios provide a window on the future of business-to-business electronic commerce. In a clear and concise way, this book will help dispel the uncertainty surrounding electronic commerce by explaining how the reader can overcome obstacles and reservations and capitalize on the many benefits on offer.
Get the most out of ACDs (automatic call distributors) and other complex systems in order to boost customer satisfaction and increase sales Includes three ready to use RFPs (request for proposals) for buying an ACD, computer telephony system, or recording. A Practical Guide to Call Center Technology shows how to navigate the business, technical, and financial issues in building and managing a customer contact center. It shows how to get the most out of ACDs (automatic call distributors) and other complex systems in order to boost customer satisfaction and increase sales.
When popular market guru Larry Williams first presented his Long-Term Secrets to Short-Term Trading to the world in 1999, it was primarily to an audience of committed traders. In the years that have passed, things have changed radically and now everyone is in on the act, enjoying the thrill of the promise of a better life through successful, profitable short-term trading. Now Williams is back with a fully revised and updated edition of his bestselling book, designed to help a whole new generation of hopeful investors understand the trading markets and get the most out of them. While the stakes in short-term trading are high, the benefits to be reaped are unprecedented, and Williams outlines the blueprint necessary for sound and profitable trading, highlighting the advantages and disadvantages so that you, too, can come out on top. Presenting years of genuinely insightful market wisdom on topics ranging from speculation and volatility breakouts to profit patterns, Williams expertly explains the fundamentals of entering - and succeeding in - the trading world, including how the market moves, the most dominant cycles, when to exit a trade, and how to hold on to winning stocks. Including in-depth analysis of the most effective short-term trading strategies, as well as Williams' own proven technical indicators, the book is your one-stop resource for getting started in the short-term trading market right away.