quantitative management


  • Part 1 – Wired Markets

    • Financial Markets – Electronic Markets
    Not too long ago, going to a stock market meant you would meet lots of new people who were energetically shouting, running around, and making a mess with great quantities of paper. No more. Visiting a financial market now is more like visiting a telephone exchange. Computers and network gear [...]

  • Forward by Ted Aronson

    • Nerds on Wall Street Forward by Ted Aronson
    Quantitative finance is not a topic usually associated with laughter. That is about to change with the publication of Nerds on Wall Street.
    I was first exposed to Dave Leinweber’s wit when he delivered a speech entitled “Nerds on Wall Street.” I believe the event happened 20 or 25 [...]

  • Introduction to Nerds on Wall Street

    • Introduction to “Nerds on Wall Street“
    I hope people think of this book as sort of a Hitchhiker’s Guide to Wired Markets. There are no robots parking cars for six million years, but there are robots trading millions of shares in six milliseconds, so maybe that’s close enough.
    In 2006, I got a call from another nerd [...]

  • Chapter 08 – Perils and Promise of Evolutionary Computation on Wall Street

    • Using Genetic Algorithms, Optimization Models, and Evolutionary Computation on Wall Street
    “Be careful what you ask for — you might get it.”
    My enthusiasm for machine learning, described at the end of the previous chapter, led me to kiss many artificial intelligence ( AI ) frogs. This included many flavors of inductive and explanation – based learning, [...]

  • Chapter 05 – A Gentle Introduction to Computerized Investing

    • Computerized Investing, Index Funds, Quantitative Investing, and Active Management
    “Life would be so much easier if we only had the source code.” — Hacker proverb
    The beginning of index investing in the 1970s was the result of a convergence of events, one of those ripe apple moments. Institutional investors began to use firms like A.G. Becker to actually [...]

  • Overview of “Nerds on Wall Street”

    • Technology has transformed global markets, but this is nothing new. Markets have been shaped by machinery for hundreds of years, and this continues at a rapid pace today.
    Author David Leinweber—a computer scientist who accidentally stumbled upon Wall Street and became an innovator in the application of modern information technology in trading and investing—is a well-qualified [...]