{"product_id":"professional-automated-trading-hardcover","title":"Professional Automated Trading - Hardcover","description":"\u003cp\u003eby \u003cb\u003eEugene A. Durenard\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn insider's view of how to develop and operate an automated proprietary trading network\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eReflecting author Eugene Durenard's extensive experience in this field, \u003ci\u003eProfessional Automated Trading\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eBased 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses several classical strategies and covers the design of efficient simulation engines for back and forward testing\u003c\/li\u003e \u003cli\u003eProvides insights on effectively implementing a series of distributed processes that should form the core of a robust and fault-tolerant automated systematic trading architecture\u003c\/li\u003e \u003cli\u003eAddresses trade execution optimization by studying market-pressure models and minimization of costs via applications of execution algorithms\u003c\/li\u003e \u003cli\u003eIntroduces 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 choice\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eEngaging and informative, \u003ci\u003eProprietary Automated Trading\u003c\/i\u003e covers the most important aspects of this endeavor and will put you in a better position to excel at it.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eTrading is a science based on a variety of fields, from mathematics to physics. It is also an art based on knowing and respecting the markets and, equally important, knowing oneself. But most of all, trading is a business that hinges on a carefully understood discipline and process of seeking reward in the face of risk.\u003cbr\u003e \u003cbr\u003e No one is more familiar with this than author Eugene Durenard. A recognized expert in automated trading - who has long incorporated aspects of artificial life and robotics systems research into his trading - he knows what it takes to create systematic trading strategies that are adaptive and opportunistic. Now, with this new book, he shares those valuable insights with you. Whether you're part of a professional prop trading desk or an ambitious individual trader, this practical guide will put you in a better position to successfully navigate today's competitive markets.\u003cbr\u003e \u003cbr\u003e Divided into four comprehensive parts, \u003ci\u003eProfessional Automated Trading: Theory and Practice\u003c\/i\u003e opens with an introductory chapter that sets the stage for modern systematic trading. It critically examines the merits of systematic trading from a philosophical and psychological perspective, as well as focuses on it as a business activity.\u003cbr\u003e With this information in hand, Durenard moves on to skillfully cover the theory, practice, and technologies needed to excel at this endeavor.\u003cbr\u003e \u003cbr\u003e - \u003cb\u003ePart I\u003c\/b\u003e introduces the basic conceptual and programmatic framework for the design of trading strategies as trading agents - exploring data representation, indicators, basic model types, and techniques to test them\u003c\/p\u003e \u003cp\u003e- \u003cb\u003ePart II\u003c\/b\u003e introduces innovative concepts designed to tackle adaptation of trading strategies to changing market conditions. Those include Swarm Systems that help navigate the higher complexity of the markets at lower timescales.\u003c\/p\u003e \u003cp\u003e- \u003cb\u003ePart III\u003c\/b\u003e focuses on the important aspect of trading costs and slippage - discussing the analysis of the intraday bid-offer and volume seasonality in major markets and detailing several algorithmic execution strategies designed to help reduce market impact\u003c\/p\u003e \u003cp\u003e- \u003cb\u003ePart IV\u003c\/b\u003e presents the practical implementation of a real-time, low-latency automated trading infrastructure designed to support a Swarm of Trading Agents operating on a collection of Electronic Commerce Networks (ECNs)\u003c\/p\u003e \u003cp\u003e Engaging and accessible, \u003ci\u003eProfessional Automated Trading\u003c\/i\u003e contains the information you need to make the most of automated trading in free markets.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eTrading is a science based on a variety of fields, from mathematics to physics. It is also an art based on knowing and respecting the markets and, equally important, knowing oneself. But most of all, trading is a business that hinges on a carefully understood discipline and process of seeking reward in the face of risk. \u003c\/p\u003e\u003cp\u003eNo one is more familiar with this than author Eugene Durenard. A recognized expert in automated trading--who has long incorporated aspects of artificial life and robotics systems research into his trading--he knows what it takes to create systematic trading strategies that are adaptive and opportunistic. Now, with this new book, he shares those valuable insights with you. Whether you're part of a professional prop trading desk or an ambitious individual trader, this practical guide will put you in a better position to successfully navigate today's competitive markets. \u003c\/p\u003e\u003cp\u003eDivided into four comprehensive parts, \u003ci\u003eProfessional Automated Trading: Theory and Practice\u003c\/i\u003e opens with an introductory chapter that sets the stage for modern systematic trading. It critically examines the merits of systematic trading from a philosophical and psychological perspective, as well as focuses on it as a business activity. \u003c\/p\u003e\u003cp\u003eWith this information in hand, Durenard moves on to skillfully cover the theory, practice, and technologies needed to excel at this endeavor. \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\n\u003cb\u003ePart I\u003c\/b\u003e introduces the basic conceptual and programmatic framework for the design of trading strategies as trading agents--exploring data representation, indicators, basic model types, and techniques to test them\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003ePart II\u003c\/b\u003e introduces innovative concepts designed to tackle adaptation of trading strategies to changing market conditions. Those include Swarm Systems that help navigate the higher complexity of the markets at lower timescales\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003ePart III\u003c\/b\u003e focuses on the important aspect of trading costs and slippage--discussing the analysis of the intraday bid-offer and volume seasonality in major markets and detailing several algorithmic execution strategies designed to help reduce market impact\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003ePart IV\u003c\/b\u003e presents the practical implementation of a real-time, low-latency automated trading infrastructure designed to support a Swarm of Trading Agents operating on a collection of Electronic Commerce Networks (ECNs)\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eEngaging and accessible, \u003ci\u003eProfessional Automated Trading\u003c\/i\u003e contains the information you need to make the most of automated trading in free markets.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEUGENE A. DURENARD\u003c\/b\u003e 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.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 384\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.4 x 9.1 x 6.2 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 21, 2013\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42127790669959,"sku":"9781118129852","price":100.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/293b84027c776730d35eb902d8563552.webp?v=1732590675","url":"https:\/\/booksby.splitshops.com\/products\/professional-automated-trading-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}