algorithmic & quantitative trading webinar
DESCRIPTION
This webinar gives a brief introduction to Algorithmic Trading followed by the changing skill sets that are required in the new age trading business by mapping the required skill sets. This is followed by Industry trends in Algorithmic and Quantitative Trading. It also gives a detailed view of how Quantinsti's Algorithmic and Quantitative Trading programme: Executive Programme in Algorithmic Trading can assist the participants aspiring to enter the domain of Algorithmic and Quantitative Trading.TRANSCRIPT
Algorithmic & Quantitative trading
Learn @QuantInstiWebinar 14th March, 20135:30 pm to 6:30 pm ISTMr Nitesh Khandelwal
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Webinar agenda
Algorithmic Trading: Introduction The Changing Trading Environment:
Skills QuantInsti’s Executive Program in
Algorithmic trading (E-PAT) Algorithmic Trading Platform Architecture A peek into Algorithmic Trading Platform Q&A
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading:
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading:
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading: Using Algorithms to generate trading signals and manage portfolios
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading: Using Algorithms to generate trading signals and manage portfolios
High-Frequency Trading:
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading: Using Algorithms to generate trading signals and manage portfolios
High-Frequency Trading: A special category of algorithmic trading characterized by unusually brief position-holding periods, low-latency response times, and high trading volumes in a day
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading: Using Algorithms to generate trading signals and manage portfolios
High-Frequency Trading: A special category of algorithmic trading characterized by unusually brief position-holding periods, low-latency response times, and high trading volumes in a day
Quant Trading:
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Electronic Trading: Sending orders over an electronic network instead of calling a broker
Algorithmic Trading: Using Algorithms to generate trading signals and manage portfolios
High-Frequency Trading: A special category of algorithmic trading characterized by unusually brief position-holding periods, low-latency response times, and high trading volumes in a day
Quant Trading: Usage of advanced statistical methodologies - no user discretion Could be low frequency / high frequency Could be manual / electronic
What is Algorithmic Trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Global Trends in Algorithmic Trading
HFT Contribution in US Equities
Source: Celent (Marsh & McLennan), 2011
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Global Trends in Algorithmic Trading
HFT contribution across geographies
Source: Celent (Marsh & McLennan), 2011
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Become an Algo trader
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
E-PAT course structure
Core content
Statistics and Econometrics
Financial Computing & Technology
Algo & Quant trading
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
E-PAT Course Structure: Statistics and Econometrics
Statistics & Econometrics
Advanced Statistics
Correlation vs. Cointegration
ARIMA, ARCH-GARCH Models
Multiple Regression
Time Series Analysis
Stochastic Math
Causality
Forecasting
Basic Statistics
Probability & Distribution
Statistical Inference
Linear Regression
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
E-PAT course structure: Financial Computing & Technology
Financial Computing & Technology
Programming
Intro to Programming Language(s)
Programming on Algorithmic Trading Platforms
Linear Regression
Statistical Tools
Excel & VBA
Financial Modeling using R
Using R & Excel for Back-testing
Technology for Algorithmic Trading
System Architecture
Understanding an Algo Trading Platform
Handling HFT Data
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
E-PAT course structure: Algorithmic & Quantitative Trading
Algo & Quant Trading
Trading Strategies
Statistical Arbitrage
Market Making Strategies
Execution Strategies
Forecasting & Artificial Intelligence Based Strategies
Machine readable News based Strategies
Trend following Strategies
Derivatives & Market Microstructure
Option Pricing Models
Time Structure of Volatility
Dispersion Trading
Volatility Forecasting & Interpretations
Managing Risk using Greeks
Position Analysis
Order Book Dynamics
Market Microstructure
Desk Operations
Hardware & Network
Regulatory Framework
Exchange Infrastructure & Financial Planning (Costing)
Handling Risk Management in Automated systems
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
E-PAT course mapping
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Program Delivery
Part-time program 3 hrs sessions on Saturday & Sunday both 4 months long program 100 contact hours including practical
sessions Convenience - webinars Open Source Virtual Classroom integration Student Portal
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Algorithmic Trading Platform: A Sneak Peek
Source: marketcetera
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Algorithmic Trading: System Architecture
Application
Order Manager
Market Data
Complex Event Processing engine
Exchange 1
Storage
Application
Server Exchange
Strategy Settings UI
State Mgmt (PnL + Position)
Order / Execution Monitor
Within application RMS
Maths Calc
RMS
Admin Monitor
Exchange 2
FIX
FIX
Data Normalizer
Order Router
Back office record
MktData Store
Event History
Adaptor for third party apps – R, Matlab, etc
Data Retrieval
Data Vendor
Replay of stored data
Simulator exchange
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
Going beyond the curriculum
Faculty supervision Placement assistance Forum
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Coming dates
http://www.quantinsti.com/importantdates.html
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Q&A Please type your questions in the chat
window.
© Copyright 2010-2014 QuantInsti Quantitative Learning Private Limited
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