“Chart pattern trading is a style that is more suitable for recreational trading rather than professional. This is one reason it was never considered seriously by the majority of hedge funds. In addition to requiring patience, slow chart pattern formations offer enough time for detection and competition is high at diminishing returns.”
Join us at the NY MarketsWiki Education to hear Morgan Slade’s thoughts on the The Algorithmic Trading Tesseract brings cloud computing, alternative data, machine learning, and crowd researchers together forming a revolutionary crowd in the financial industry.
If you are an algorithmic trader, developer, or data scientists they you have already heard of the Sharpe Ratio. Many of you use this measurement as your score card for how well your algo performs.
… Maybe the experts can beat the monkeys after all. That is, if the experts are software engineers writing sophisticated algorithms for computer-generated trading. …
Wesley R. Gray (@alphaarchitect), the CEO and CIO of Alpha Architect, a quantitative asset manager published a list of “high-quality research produced by financial professionals in the blogosphere” on the Wall Street Journal
Bloomberg recently wrote that “It’s no secret that hedge fund managers are always looking for new sources of data that will help them in their never-ending quest to beat the market.” (1) One of the most interesting new sources of data is social sentiment.
Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc.
“Everyone is looking into alternative data sets, sometimes without really understanding their value,” says Dr. Arun Verma, Ph.D.,
Alternative data providers see huge potential in providing their data to discretionary asset managers who are losing assets to quantitative and systematic funds.
Citigroup Inc. has tapped a quantitative trading veteran to help the bank vault into that hot category, as part of a broader build-up of its equities unit.