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.

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.

Organized around the steps you should take to start trading quantitatively, this book skillfully addresses how to:

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Find a viable trading strategy that you're both comfortable with and confident in

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Backtest your strategy—with MATLAB®, Excel, and other platforms—to ensure good historical performance

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Build and implement an automated trading system to execute your strategy

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Scale up or wind down your strategies depending on their real-world profitability

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Manage the money and risks involved in holding positions generated by your strategy

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Incorporate advanced concepts that most professionals use into your everyday trading activities

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And much more

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.

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.

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.

這是一本由www.epchan.com的創始人Ernest P. Chan撰寫的量化投資理論的matlab技術實現的巨著，之中的很多觀點非常新穎，他的量化投資策略在近些年的金融及債務危機中獲得瞭十分優良的收益。值得技術開發者作為知識擴充儲備來閱讀