Algorithmic Trading

Only book available on the subject, most city and wall street firms and hedge funds are involved in algorithmic and statistical arbitrage trading Algorithmic trading is a hot topic: 'About a quarter of equity trading is executed through using algorithms at various points - up fivefold in three years.

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* Only book available on the subject, most city and wall street firms and hedge funds are involved in algorithmic and statistical arbitrage trading * Algorithmic trading is a hot topic: 'About a quarter of equity trading is executed through using algorithms at various points - up fivefold in three years. This strong growth is set to continue over the coming years...'
Financial Times, May 2005 * This book will enable readers to understand and effectively apply algorithmic trading solutions to maximize execution quality * Provides thorough guidelines for anyone interested in exploiting the many benefits that computer based trading offers * It will show how and where algorithms can be used to support and even replace human traders and what the limitations of this exciting new field are * In addition, it will also shed light on the many pitfalls and obstacles that one encounters when trying to put theory into practice and will suggest solutions to overcome them * An indispensable guide to helping traders make the right decisions when it comes to choosing strategies, platforms and implementation paths to suit any organizations needs * Guides readers through the often complex implementation process * Shows how algorithmic trading infrastructures cannot sit in isolation but must be integrated into the wider trading process and will thoroughly discuss the organizational requirements that have to be met before algorithmic trading can be deployed successfully * Features real world examples of problems and challenges and how they can be overcome