Inside the Black Box: A Simple Guide to Systematic Investing

✍ Scribed by Rishi K. Narang

• Publisher: Wiley
• Year: 2024
• Tongue: English
• Leaves: 363
• Series: Wiley Finance
• Edition: 3
• Category: Library

✦ Synopsis

In the newly revised third edition of Inside the Black Box: A Simple Guide to Systematic Investing, veteran practitioner and investor Rishi K Narang delivers another insightful discussion of how quantitative and algorithmic trading strategies work in non-mathematical terms. As with prior editions, this third edition is full of timeless concepts and timely updates. Supplemented by compelling anecdotes and real-world stories, the book explains the most relevant developments in the discipline since the publication of the second edition in 2013. You'll find out about the explosion in machine learning for alphas, signal mixing, data extraction, and execution, as well as the proliferation of alt data and a discussion of how to use it appropriately.

✦ Table of Contents

Contents
Foreword
Preface to the Third Edition
Acknowledgments
Part One: The Quant Universe
1. Why Does Quant Trading Matter?
2. An Introduction to Quantitative Trading
Part Two: Inside the Black Box
3. Alpha Models: How Quants Make Money
4. Risk Models
5. Transaction Cost Models
6. Portfolio Construction Models
7. Execution
8. Data
9. Research
Part Three: A Practical Guide for Investors in Quantitative Strategies
10. Risks Inherent to Quant Strategies
11. Criticisms of Quant Trading
12. Evaluating Quants and Quant Strategies
Part four: High-Speed and High-Frequency Trading
13. An Introduction to High-Speed and High-Frequency Trading
14. High-Speed Trading
15. High-Frequency Trading
16. Looking to the Future of Quant Trading
Appendix: Controversy Regarding High-Frequency Trading
About the Author
Index