Automated Trader Search Results for case study

Subscribe to the RSS feed for this search

AT Round Table: Multi Asset Algo
FREE ARTICLEMulti asset execution algorithms have been touted as the next “big thing”. AT asked four major sellside providers for their viewpoint. With: - Tim Wildenberg, Head of Direct Execution Services Europe, UBS - Jeff Wecker, CEO of Townsend Analytics, read this
Leader: Fast Forward into the Multi Asset Future?
FREE ARTICLEA new evolution of synthetic trading is starting to generate interest – multi asset class algorithmic trading. If there is a need to spread trading activity across a wider asset base, why not let the machine help finesse some of the component trades? Davi read this
Case Study: Nordic Models - Auto FX at DnB NOR
FREE ARTICLEDnB NOR is Norway's largest financial services group with total assets of more than NOK1400bn. The group has an established history of proprietary trading that was expanded in mid 2005 with the addition of an API trading program for FX. AT talks to Jan St read this
Exchange Views: LSE Multi Asset Futureproofing
FREE ARTICLETechnology first came to the forefront at the London Stock Exchange in 1986 when the exchange abandoned floor trading. Since then, technology has only continued to increase in importance, particularly since the exchange’s switch to listed company st read this
Technology Workshop: Algo Integration – Can FIX Fix It?
FREE ARTICLEThe FIX Protocol’s provision of a broad set of commonly accepted standards has radically simplified and reduced the cost of financial messaging in capital markets. A relatively recent innovation within FIX has been the work of the Algorithmic Trading W read this
Spotlight: Patsystems IQ-Trader
FREE ARTICLEPatsystems were one of the first ISVs to launch an electronic dealing platform when futures markets began migrating from open outcry in the 1990s. AT takes a look at the automated trading functionality within the latest incarnation of its mid-tier IQ read this
Peek Ahead: A Misleading Glimpse of the Future
FREE ARTICLE“AT pays a visit to a seriously secretive organisation and sees a human free vision of the automated trading future. Or possibly not…” read this
Leader: The Price of Principal
FREE ARTICLECertainty comes at a premium in financial markets and especially where a capital commitment is required. But just how big should that premium be for principal quotes and what are the alternatives? Dr Paul Lynch managing partner of algorithmic tradin read this
Case Study: Algo Pairs at Investec
FREE ARTICLEInvestec Securities (UK) is a UK institutional equity house offering institutional services across research, sales, sales trading and risk trading. In September 2006, it announced that it had gone live with royalblue’s Fidessa Pairs and VWAP algorithm read this
Exchange Views: ASX - Ramping Up For Algo
FREE ARTICLEIn common with other exchanges around the globe, the ASX has seen algorithmic and automated trading fundamentally change the nature of its order flows. AT talks to David Stocken, Senior Product Manager, Equity Products at the ASX about how the exchange read this
Feature: Colocation - A Game Worth the Candle?
FREE ARTICLEExchanges, networks and service providers are turning to the laws of physics in the race to reduce latency and win customers. But do colocation and proximity trading really offer substantial benefits worthy of the investment, or is it mainly a triu read this
AT Round Table: Algorithmic Trading - Creating real value for the buyside
FREE ARTICLEAs algorithmic trading continues to mature, the buyside is becoming more demanding. Providers are now being judged on a more holistic basis than in the past, with an emphasis on their overall ability to add value. AT talks to five prominent sellside read this
Spotlight: RTD Tango - Cutting to the Chase
FREE ARTICLETools for trade automation have been around for several years. One of the later arrivals at the automation party is RTS Realtime Systems Group, which launched its RTD Tango automated/algorithmic modelling and trade execution platform last year. As read this
Tech Forum: Data - The Exploding Supernova
FREE ARTICLEWith: - Mark Palmer, general manager and vice president of Apama Products, a division of Progress Software - Dr John Bates, founder and vice president of Apama Products, a division of Progress Software - John Coulter, vice president of marketing and read this
Feature: Algo in Asia - Slow Burn or Damp Squib?
FREE ARTICLEWhile adoption of algorithmic trading in Asia is not as advanced as in Europe or the US, there are some indications of intent already emerging. For instance, several major broker dealers have started relocating experienced advanced order execution pe read this
Leader: The buyside trader - empowered or extinct?
FREE ARTICLEThe introduction of Reg NMS next year will further compound other changes, such as decimalisation, that have transformed the equity market in recent years. Joe Wald, CEO of EdgeTrade Inc., explains how traders need to evolve and respond to meet this read this
SunGard?s Decalog and TradingScreen Announce Integration of OMS and EMS Offerings to Better Serve Asset Management Firms
FREE ARTICLESunGard and TradingScreen Inc.have announced the launch of an integrated solution for buy-side traders. Decalog provides portfolio and trade order management functionality, helps streamline investment workflow and helps traders achieve best execution on l read this
Case Study: ABP - à la carte algo
FREE ARTICLEWith an invested capital of 190bn euros, Stichting Pensioenfonds ABP - the pension fund for employees in the service of the Dutch government and educational sector - is the second largest pension fund in the world. The fund has been scaling up its equity read this
Technology Workshop: Java - Your High-Frequency Friend
FREE ARTICLEAn article in the April issue of AT (“You’re using what?!”) questioned the suitability of Java for high frequency automated trading. Matt Schruben, Principal Consultant, Random Walk Computing and Jim Levey, Director of Marketing, Random Walk Computing pro read this
AT Round Table: Pre-trade analytics - expectations and reality
FREE ARTICLEPre-trade analytics have become an integral part of the workflow for algorithmic traders. We asked four major sellside banks for their views on some of the current and emerging themes in analytics. With: - Chris Biscoe, Head of US Ecommerce, Barclays C read this
Strategies: Waiting for the Iceberg
FREE ARTICLEAlgorithmic trading has radically changed trading patterns in capital markets. Transaction volumes have increased and in the equities markets in particular, individual transaction sizes have plummeted. Debbie Williams, Group Vice President of the Capital read this
NEOVEST EXPANDS ACCESS TO 15 ‘DARK POOLS’
FREE ARTICLEFeb 16th 2007 - Neovest Inc., now connects to 15 ‘dark pools’ of liquidity, trading networks that do not publish quotes in the open market. read this
The Boys from Balchug
FREE ARTICLEDmitry Bourtov runs the US-based hedge fund Solaris, as well as heading a group at the Moscow offices of data vendor CQG that combines the activities of a quant shop and a specialist financial software developer. Bourtov talks to AT about the process read this
Market heterogeneities and the causal structure of volatility - Part 2
FREE ARTICLEPart two of the paper exploring the correlation between historical and realized volatilities. By Paul Lynch and Gilles Zumbach read this
Hedge Fund Back Offices - Sinking or Swimming in the Algo Flood?
FREE ARTICLEHedge funds have been a major factor in the growth of algorithmic trading, but how are they and their prime brokers responding to the impact that algorithmic and automated trading have had on the back office? read this
Hedge funds send Asian equity trading volumes soaring, says report
FREE ARTICLEBuoyed by outsized returns and driven by an influx of hedge funds, equity market trading volumes surged throughout Asia in 2006, and institutional investors remain bullish about the region's prospects for the coming year, according to a report from consul read this
Robot stock traders on the march
FREE ARTICLETORONTO (CP) - More than one-third of the stock transactions originating in Canada now are executed by computers programmed to maximize trading efficiency, a study has found. read this
A generalised formula for European option values as the basis for an automated arbitrage strategy
SUBSCRIBERS ONLYThis paper considers a generalised approach to the problem of rational value calculation of European options. A distinctive feature of the suggested approach is a rejection of the base asset market being described by means of standard price formation mode read this
Integration of TradingScreen with Linedata’s Beauchamp
FREE ARTICLEFebruary 26, 2007 - Linedata Services, a provider of software and services to the global financial services marketplace, today announced the integration of TradingScreen’s TradeSmart with Beauchamp FundManager, Linedata’s flagship portfolio management sys read this
Pretests for genetic-programming evolved trading programs: “zero-intelligence” strategies and lottery trading - Part 1
FREE ARTICLEIn this paper, we discuss a series of pretests, based on several variants of random search, aiming at giving more clearcut answers as to whether a GP scheme, or any other machine-learning technique, can be effective with the training data at hand. Precise read this
Pretests for genetic-programming evolved trading programs: “zero-intelligence” strategies and lottery trading - Part 2
FREE ARTICLEPart 2 of Pretests for genetic-programming evolved trading programs: “zero-intelligence” strategies and lottery trading bootstrap paper. By Shu-Heng Chen and Nicolas Navet read this
Exchange-Traded Equity Derivatives Set to Skyrocket as Absolute-Return Strategies, Portable Alpha, Hedge Funds and Yield Enhancements Create Seismic Shift
FREE ARTICLEApril 12, 2007 - The world of investment management is changing with absolute-return strategies, portable alpha, hedge funds and yield enhancement an integral part of the everyday life of traditional portfolio management. According to TABB Group in its ne read this
Distributed automation
FREE ARTICLEWhile automated trading is now relatively commonplace, Rickey Cheung has been one of a few to take the process a step further. In addition to his own proprietary trading, he also redistributes trading signals to automated trading clients around the world. read this
High frequency data analysis
FREE ARTICLEAs the requirements for storing, manipulating and deriving intelligence from ever larger data sets continue to expand, techniques and technology have to keep pace. Brian Sentance, CEO of Xenomorph, outlines some of the prerequisites. read this
Algorithmic trading: fact or fiction?
FREE ARTICLEThe rise in the popularity of algorithmic trading has been accompanied by a commensurate increase in the amount of marketing material that relates to algorithmic trading. Unfortunately a significant proportion of this material has a tendency to confuse ra read this
ICAP + EBS = Joined up data
FREE ARTICLEThe explosion in automated and algorithmic trading has been accompanied by a huge thirst for data - market participants want data, lots of data. And they want a broader range of it - the days of providing just traded prices are long gone. Today’s market w read this
Market data connectivity
FREE ARTICLEWith: - David Hann, general manager for EMEA at Interactive Data Real-Time Services - Gregory Smith, CEO at Cicada Corporation - Mark Akass, CTO at BT Radianz - Alasdair Moore, global head of sales at Fixnetix - Guy Tagliavia, president and CEO at Infody read this
Liquidity sensing and smart order routing
FREE ARTICLERegulation in both the US and Europe is having a significant impact on smart order routing in relation to best execution and venue selection. An important part of the routing process revolves around the sensing of hidden liquidity. read this
BEA enters event-driven architecture arena
FREE ARTICLEMay 29, 2007 - BEA has entered the event-driven architecture market with a product geared for SOA using Java. read this
Scottrade Includes AT&T Best Practices for Application and Network Continuity
FREE ARTICLEJune 5, 2007 - AT&T Inc. has announced that Scottrade, a online investment firm, has teamed with AT&T to implement advanced network services that will ensure application and network continuity. The announcement comes on the heels of a new national survey read this
Assessing the Risk and Return of Financial Trading Systems - a Large Deviation Approach
FREE ARTICLEWe apply large deviation theory to assess the probability that a trading system performs below or above a certain threshold. Our technique does not require that the distribution of the performance criterion obeys a closed-form equation, and can accept a read this
Entropy Rate and Profitability of Technical Analysis: Experiments on the NYSE US 100 Stocks
FREE ARTICLE The entropy rate of a dynamic process measures the uncertainty that remains in the next information produced by the process given complete knowledge of the past. It is thus a natural measure of the difficulty to predict the evolution of the process. T read this
Financial Data Mining with Genetic Programming: a Survey and Look Forward
REGISTERED VIEWERS Genetic Programming (GP) is an appealing machine-learning technique for tackling financial engineering problems: it belongs to the family of evolutionary algorithms that have proven to be remarkably successful at handling complex optimization problems read this
αlphability
REGISTERED VIEWERSThis issue of Automated Trader marks the launch of a new set of tradability statistics called Alphability. Andy Webb outlines some examples of their construction and their application as tools to expedite the development of automated and algorithmic tradi read this
Communicating Ltd: The Trader Stripped Bare
REGISTERED VIEWERSCommunicating Ltd’s path to becoming one of London’s most profitable trading operations started with a revolutionary matching engine that fitted on a floppy disk. Vladan Jovanovic, Managing Director, tells AT how a stripped-down approach to trading and te read this
Using Order Book Data to Improve Automated Model Performance
REGISTERED VIEWERSAutomated traders now have access to unprecedented levels of market data. Thom Hartle, Director of Marketing, CQG, conducts a theoretical comparison between two trading systems to explore how order book data can be leveraged for optimal trade performance read this
Pennies from Heaven?
REGISTERED VIEWERSAs the SEC’s six-month penny pilot scheme draws to a close in the US options market, Chris Hall reports on the initial impact on different market segments and asks whether decimalisation will open up the market for higher levels of automated and algorit read this
Application Latency
REGISTERED VIEWERSAs growing competition places ever greater emphasis on the fine-tuning of automated and algorithmic trading programmes, AT asks leading solutions providers for their views on the tweaks that can minimise application latency and maximise performance. Wi read this
Northern Exposure
REGISTERED VIEWERSThe rising level of algorithmic and automated trading is one of the key drivers behind a major technology and service overhaul at OMX’s Nordic Exchange. Jukka Ruuska, President, Nordic Marketplaces, OMX, provides a snapshot of the exchange’s plans for han read this
Electronic Trading threatens US Broker Commissions
FREE ARTICLEAugust 23, 2007 - US brokers are seeing a substantial drop in the revenues they derive from equity execution as their fund management clients adopt low-cost electronic trading methods, a trend that will account for half of all US equity orders before 2010 read this
ECS to develop automated agents for the stock market
FREE ARTICLESeptember 26th, 2007 - A team from the University of Southampton which won an automated trading agent competition believe their entry may form the basis for an automated stock market. read this
Naked Option by Joe Kolman
REGISTERED VIEWERSDave Ackerman, the narrator of Naked Option, is a brilliant trader but one day, recklessly trying to one-up his firm's superstar, he goes naked on an option trade and loses $112 million in two hours. His career is over. Then he hears about an auditing job read this
Instinet CBX Trades Record 113.5 Million Shares
FREE ARTICLENovember 5th 2007 - Instinet on October 29 set a one-day firm record of 113.5 million shares traded in Instinet CBXSM, its U.S. dark liquidity pool, topping its previous best of 69 million shares set in August of this year. read this
Get a Grid!
REGISTERED VIEWERSIn the Q3 issue’s Technology Forum, our panel of experts agreed that grid computing had not yet been fully harnessed to support automated trading. So Automated Trader asked Mike Stoltz, VP, Architecture and Strategy, Financial Services at Gemstone Systems read this
Speed to Market
REGISTERED VIEWERSHow is the latest technology accelerating the development and implementation of algorithms and automated trading systems? AT asks leading solutions providers to share their views. read this
First-mover Advantage?
REGISTERED VIEWERSAlready offering cheaper, quicker pricing on French, German, Dutch and UK equities, Chi-X is the first tangible evidence of the challenge to Europe’s stock exchanges unleashed by MiFID. Director Peter Randall talks to AT about the forces driving liquidity read this
Plimsoll Takes the Plunge
REGISTERED VIEWERSTo offer greater diversification to investors, US-based Plimsoll Capital introduced Armada, a portfolio of automated strategies. Tom Parry, Director of Algorithmic Trading, tells AT how the FX-focused asset manager built the platform on which Armada now s read this
UNX Launches Five New Advanced Trading Algorithms That Utilize Firm's Leading Tactical Execution Framework
FREE ARTICLENovember 27th 2007 - UNX, Inc. has announced that it has launched five new algorithms that utilize the firm’s leading tactical execution framework and expertise in micro-market liquidity flows to help clients achieve best execution and beat benchmarks for read this
Keeping up with the pace of change
FREE ARTICLEToday’s buyside dealers are making more complex decisions about execution than ever before – and they are expected to justify their choices to their firms and their clients.With the introduction of the Markets in Financial Instruments Directive (MiFID) a read this
Survival of the Fastest
FREE ARTICLEIn historical terms,the speed and movement of sensitive data can clearly be seen to have delivered execution advantages. Looking back nearly 200 years, Nathan Rothschild proved the benefit of having the quickest communications system in Europe in 1815 by read this
Quantitative Approach with a Human Touch
FREE ARTICLEAs electronic trading continues to gain ground, one of the casualties has been the reduction of personal contact. While things like data, quantitative calculations, speed to market, etc, have become essential parts of this new trading frontier, the demand read this
Building and maintaining an algorithmic trading tool
FREE ARTICLEAs the use of algorithmic trading tools has become more widespread, clients’ expectations have similarly increased. Owain Self of UBS highlights the important considerations when developing and supporting a credible algorithmic trading tool and what it ta read this
BEA and Lab49 Deliver New Framework for Building the Next Generation Front Office in Capital Markets
FREE ARTICLEJanuary 14th 2008 – BEA Systems, Inc. has announced a new framework approach to utilize the BEA Weblogic® Event Server. In partnership with Lab49 and Intel, the framework is designed to address key challenges in today’s front office in capital markets, su read this
Evidence-Based Technical Analysis: Statistical Analysis
REGISTERED VIEWERSThe following excerpt is from Chapter 4 of David Aronson's recently published book "Evidence-Based Technical Analysis". Together with Chapters 5 and 6 of the book (which will be available as excerpts later) it addresses aspects of statistics that are part read this
Data-Mining Bias: The Fool’s Gold of Objective TA
REGISTERED VIEWERSThe following excerpt is from Chapter 6 of David Aronson's recently published book "Evidence-Based Technical Analysis". Together with Chapters 4 and 5 of the book it addresses aspects of statistics that are particularly relevant to evidence-based (as oppo read this
Monte Carlo or Bust
REGISTERED VIEWERSStatistical Arbitrage: Algorithmic Trading Insights and Techniques Chapter 1 Monte Carlo or Bust read this
The Role of Advanced Models in Performance Boosting
REGISTERED VIEWERSIn the second part of a two-part article, David Aronson, President of Hood River Research, examines the modelling techniques used in arriving at a valuable predictor set for boosting ‘raw’ trading model performance. read this
Adapting Algorithms to Realities of Asian Markets
REGISTERED VIEWERSIf execution algorithms are to be adopted widely in the Asian markets, both providers and users must be aware of the unique characteristics of trading in the region, says Dr Usman Malik of P. E. Lynch LLP. read this
New Horizons for Complex Event Processing
REGISTERED VIEWERSDaniel Chait, Managing Director, Lab49, asserts that CEP has a wide range of applications beyond algo/auto trading. read this
A Singular Vision
REGISTERED VIEWERSIts recent merger with the CBOT saw CME Group expand further the range of asset classes available on its Globex platform. Deputy CIO Kevin Kometer looks at the diverse challenges ahead. read this
Cream Rising
REGISTERED VIEWERSBlackCat Trading Technologies’ Matthew Breakwell and John Reeve explain their distinctive approach to building a quantitative trading platform and outline their plans for exploiting it. read this
The Blame Game
REGISTERED VIEWERSWhen things go wrong, the reflex reaction is to apportion blame. When things go wrong in the financial markets, who will the regulators be pointing their fingers at? read this
TABB Group Says, 'The U.S. Financial Markets are in Full-Out, No-Holds-Barred, Free-For-All Radical Change'
FREE ARTICLEMarch 5th 2008 - The U.S. financial markets are not just in flux, they are in full-out, no-holds-barred, free-for-all radical change. Not only have the national exchanges become fully electronic, but, according to TABB Group in a new industry study publis read this
Proximity Hosting: Plug’n’Trade or Pay’n’Wait?
FREE ARTICLEProximity and trading application hosting have been some of the fastest growing areas in the evolution of automated and algorithmic trading. Mark Thornberry, Managing Director at RTS Realtime Systems, London, discusses some of the main considerations for read this
TABB Group Says Use of Equity Post-Trade Transaction Cost Analysis (TCA) Among US and European Firms Will Hit 90% by 2009
FREE ARTICLEMarch 11th 2008 - According to a new industry study released today by TABB Group, “Imperfect Knowledge: International Perspectives on Transaction Cost Analysis,” equity post-trade transaction cost analysis (TCA) usage among U.S. and European firms will re read this