Inside the Black Box:
A Simple Guide to Quantitative and High Frequency Trading
by rishi k narang
(Wiley Finance - Hardcover)
A STRAIGHTFORWARD LOOK AT QUANTITATIVE AND HIGH FREQUENCY TRADING
Investors, from high-net-worth individuals to pension funds, remain intrigued in quantitative trading-mainly due to the impressive returns that can be generated by practitioners. Yet, few actually understand what goes on inside these black box trading strategies. That's why expert fund manager Rishi Narang has created the updated second edition of Inside the Black Box. In non-mathematical terms — and supplemented by anecdotes and real-world stories — this guide explains how quantitative trading strategies actually work. Written in a straightforward and accessible style, this book also skillfully explains how quant strategies fit into a portfolio, why they are valuable, and how to evaluate a quant manager. A newly-added section on high frequency trading similarly sheds light on a hot-button issue for many market participants. The second edition of Inside the Black Box includes:
For anyone looking to gain a better understanding of quantitative, algorithmic or high frequency trading, Inside the Black Box is a highly recommended read.