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The Science of Algorithmic Trading and Portfolio Management, with its emphasis on algorithmic trading processes and current trading models, sits apart from others of its kind. Robert Kissell, the first author to discuss algorithmic trading across the various asset classes, provides key insights into ways to develop, test, and build trading algorithms. Readers learn how to evaluate market impact models and assess performance across algorithms, traders, and brokers, and acquire the knowledge to implement electronic trading systems. This valuable book summarizes market structure, the formation of prices, and how different participants interact with one another, including bluffing, speculating, ...
"The decisions that investment professionals and fund managers make have a direct impact on investor return. Unfortunately, the best implementation methodologies are not widely disseminated throughout the professional community, compromising the best interests of funds, their managers, and ultimately the individual investor. But now there is a strategy that lets professionals make better decisions. This valuable reference answers crucial questions such as: * How do I compare strategies? * Should I trade aggressively or passively? * How do I estimate trading costs, ""slice"" an order, and measure performance? and dozens more. Optimal Trading Strategies is the first book to give professionals the methodology and framework they need to make educated implementation decisions based on the objectives and goals of the funds they manage and the clients they serve."
Chronicles the case of the brutal murders of two brothers--Robert Kissel, drugged and beaten to death, a crime for which his wife was convicted, and Andrew Kissel, found stabbed to death in his mansion more than two years later.
On the First Edition: "The book is a success in providing a comprehensive introduction to the use of aluminum structures . . . contains lots of useful information." —Materials & Manufacturing Processes "A must for the aluminum engineer. The authors are to be commended for their painstaking work." —Light Metal Age Technical guidance and inspiration for designing aluminum structures Aluminum Structures, Second Edition demonstrates how strong, lightweight, corrosion-resistant aluminum opens up a whole new world of design possibilities for engineering and architecture professionals. Keyed to the revised Specification for Aluminum Structures of the 2000 edition of the Aluminum Design Manual, ...
*The basis for the documentary Join or Die—now streaming on Netflix!* Updated to include a new chapter about the influence of social media and the Internet—the 20th anniversary edition of Bowling Alone remains a seminal work of social analysis, and its examination of what happened to our sense of community remains more relevant than ever in today’s fractured America. Twenty years, ago, Robert D. Putnam made a seemingly simple observation: once we bowled in leagues, usually after work; but no longer. This seemingly small phenomenon symbolized a significant social change that became the basis of the acclaimed bestseller, Bowling Alone, which The Washington Post called “a very important...
At thirty-nine, Nancy Kissel had it all: glamour, wealth and the royal lifestyle of the expatriate wife. Not to mention three young children and what a friend described as "the best marriage in the universe" to Robert Kissel, a hugely successful investment banker. But that marriage ended abruptly one November night in 2003 in the bedroom of their luxury apartment high above Hong Kong's glittering Victoria Harbour. Hong Kong prosecutors, who charged Nancy with murder, said she wanted to inherit Robert's millions and start a new life with her lover. She said she'd killed her husband in self-defence while fighting for her life against a brutal, cocaine-addicted husband. Her trial in 2005 captur...
An inside look at modern approaches to modeling equity portfolios Financial Modeling of the Equity Market is the most comprehensive, up-to-date guide to modeling equity portfolios. The book is intended for a wide range of quantitative analysts, practitioners, and students of finance. Without sacrificing mathematical rigor, it presents arguments in a concise and clear style with a wealth of real-world examples and practical simulations. This book presents all the major approaches to single-period return analysis, including modeling, estimation, and optimization issues. It covers both static and dynamic factor analysis, regime shifts, long-run modeling, and cointegration. Estimation issues, in...
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Conventional wisdom suggests that markets are efficient, random walks and that stock prices rise and fall with the fundamentals of the company. How then have black-box traders prospered and how do they exploit market inefficiencies? Are their strategies on their last legs or will they adapt to the new landscape amidst the global financial crisis? Chasing the Same Signals is a unique chronicle of the black-box industry's rise to prominence and their influence on the market place. This is not a story about what signals they chase, but rather a story on how they chase and compete for the same signals
The Banker's Handbook on Credit Risk shows you how to comply with Basel II regulations on credit risk step by step, building on the basics in credit risk up to advanced credit risk methodologies. This advanced credit/risk management book takes a "new tools" approach to Basel II implementation. The hands-on applications covered in this book are vast, including areas of Basel II banking risk requirements (credit risk, credit spreads, default risk, value at risk, market risk, and so forth) and financial analysis (exotic options and valuation), to risk analysis (stochastic forecasting, risk-based Monte Carlo simulation, portfolio optimization) and real options analysis (strategic options and dec...