Book description
An intriguing look at how technology is changing financial markets, from an innovator on the frontlines of this revolution
Nerds on Wall Street tells the tale of the ongoing technological transformation of the world's financial markets. The impact of technology on investing is profound, and author David Leinweber provides readers with an overview of where we were just a few short years ago, and where we are going. Being a successful investor today and tomorrow--individual or institutional--involves more than stock picking, asset allocation, or market timing: it involves technology. And Leinweber helps readers go beyond the numbers to see exactly how this technology has become more responsible for managing modern markets. In essence, the financial game has changed and will continue to change due entirely to technology. The new "players," human or otherwise, offer investors opportunities and dangers. With this intriguing and entertaining book, Leinweber shows where technology on Wall Street has been, what it has meant, and how it will impact the markets of tomorrow.
Table of contents
- Copyright
- Dedication
- Foreword
- Acknowledgments
- Introduction
-
Wired Markets
- An Illustrated History of Wired Markets
-
Greatest Hits of Computation in Finance
- Financial Technology Stars
- Hits and Misses: Rational and Irrational Technology Exuberance
- The Crackpot as Billionaire
- Future Technological Stars
- Mining the Deep Web
- Language Technology: Your Tax Dollars at Work
- EDGAR: The SEC Gets the XML Religion
- Greatest Hits, and the Mother of All Greatest Misses
- Notes
-
Algorithm Wars
- Early Algos
- Algos for Alpha
- Algos for the Buy Side: Transaction Cost Control
- From Order Pad to Algos
- A Scientific Approach: Mathematics, Behavior, and Discovery
- Job Insecurity for Traders
- So Many Markets, So Little Time
- Known Unknowns and Unknown Unknowns
- Models Aren't Markets
- Robots, RoboTraders, and Traders
- Markets in 2015, Focus on Risk
- Playing Well with Robots and Algorithms
- Seeing the Big Picture in Markets
- Agents for News and Pre-News
- Algorithms at the Edge
- Notes
- Alpha as Life
-
Artificial Intelligence and Intelligence Amplification
-
A Little AI Goes a Long Way on Wall Street
- Prehistory of Artificial Intelligence on Wall Street
- AI People Can Use
- Where's the AI?
- Real Charting
- Virtual Charting
- Descriptive Programming
- Information Flows and Displays in MarketMind and QuantEx
- Integration with Real-Time Feeds and Historical Databases
- Composing Syntactically Bulletproof Programs
- From Indications to Orders to Executions
- Vapor No More
- Future Plans for AI in Finance (in 1995)
- Notes
-
Perils and Promise of Evolutionary Computation on Wall Street
- The AI Spring?
- Genetic Algorithms
- Evolving Financial Models
- An Early Lesson: Intelligence without Learning
- Arbitrage and Predictive Strategies
- Maximizing Predictability
- Chromosomes for Forecasting Models
- Fitness Functions for Forecasting Models
- Use of the GA for Coping with a Combinatoric Explosion of Models
- Genetically Optimized Forecasting Models in Hindsight
- Genetic Algorithm Warning Label
- Notes
- The Text Frontier
- Collective Intelligence, Social Media, and Web Market Monitors
-
Three Hundred Years of Stock Market Manipulations
- The Power of Manipulation
- A Classic Market Manipulation
- The Very Model of a Modern Market Manipulator
- Bluffing
- How Communication Changes Market Manipulation
- Anatomy of a Successful Manipulation
- The Internet Era: A Manipulator's Paradise
- Cyber-Manipulations
- It's Not Just Micro-Caps
- Where Are We Headed?
- Notes
-
A Little AI Goes a Long Way on Wall Street
- Nerds Gone Wild
- About the Web Site
Product information
- Title: Nerds on Wall Street: Math, Machines, and Wired Markets
- Author(s):
- Release date: June 2009
- Publisher(s): Wiley
- ISBN: 9780471369462
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