<p/><br></br><p><b> Book Synopsis </b></p></br></br>While institutional traders continue to implement quantitative (or algorithmic) trading, many independent traders have wondered if they can still challenge powerful industry professionals at their own game? The answer is yes, and in <i>Quantitative Trading</i>, 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 financial institution, this practical guide contains the information you need to succeed.<p/><br></br><p><b> From the Back Cover </b></p></br></br><p>By 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.</p> <p>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 financial institution, this practical guide contains the information you need to succeed.</p> <p>Organized around the steps you should take to start trading quantitatively, this book skillfully addresses how to: </p> <ul> <li> <p>Find a viable trading strategy that you're both comfortable with and confident in</p> </li> <li> <p>Backtest your strategy--with MATLAB(R), Excel, and other platforms--to ensure good historical performance</p> </li> <li> <p>Build and implement an automated trading system to execute your strategy</p> </li> <li> <p>Scale up or wind down your strategies depending on their real-world profitability</p> </li> <li> <p>Manage the money and risks involved in holding positions generated by your strategy</p> </li> <li> <p>Incorporate advanced concepts that most professionals use into your everyday trading activities</p> </li> <li> <p>And much more</p> </li> </ul> <p>While Dr. Chan takes the time to outline the essential aspects of turning quantitative trading strategies into profits, 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.</p> <p>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.</p> <p>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 significant returns. With this reliable resource as your guide, you'll quickly discover what it takes to make it in such a dynamic and demanding field.</p><p/><br></br><p><b> About the Author </b></p></br></br><b>Ernest P. Chan, PhD, </b> 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.
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