Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, 2nd Edition

Additional Praise for Inside the Black Box

“Rishi presents a thorough overview of quant trading in an easy-to-read format, free of much of the hype and hysteria that has recently surrounded computerized trading. The book clearly categorizes the different types of strategies, explaining in plain English the basic ideas behind how and when they work. Most importantly, it dispels the popular notion that all quants are the same, exposing the diversity of the types of skills and thinking that are involved in quant trading and related disciplines. An excellent read for anyone who wants to understand what the field is all about.”

—Shakil Ahmed, PhD, Global Head of Market Making, Citi Equities

“To look at the man, you would never know that Rishi could write so clearly and effectively about something as complex as quantitative trading and investment. But he does and does it brilliantly. And, even if you already own the first edition, you should buy this one, too. The new material on high speed trading is worth the price of admission, and you will have a chance, especially in Chapter 16, to see Rishi at his incisive and high spirited best. If you don't laugh out loud, you have no soul.”

—Galen Burghardt, Director of Research, Newedge

“Quant managers will find their meetings with investors to be smoother if the investors have read this book.  And even more so if the manager him or herself has read and understood it.”

—David DeMers, Portfolio Manager, SAC Capital Advisors, LP

“In this second ...