Author: Lawrence

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Algorithmic Trading and DMA: An Introduction To Direct Access Trading Strategies by Barry Johnson

Summary

A good introduction to algorithmic trading. It is a guided tour of the algorithmic trading world. It is packed with information if you have the prerequisite background to understand the lingos used in the book. Lacking either one of the two background knowledges, programming / order routing (the technical side) and firm trading, will make it difficult to understand this book. Only recommending this book to those who are interested in the subject with at least one of the prerequisites.


Book Information

Algorithmic Trading and DMA: An Introduction To Direct Access Trading Strategies
Written by Barry Johnson

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Amnon Bar-Lev: Computer Hacking Mature Industry

Amnon Bar-Lev, president of Check Point Software, talking about the cyber hacking activities.

Note: The player for this video requires java. Don’t know why Bloomberg chooses to do something like this.

The bottom line:

1. Protect your computers and your data wisely

2. Do not believe your data on the cloud will be safe at all

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Linda Bradford Raschke: Day Type, Taylor Trading, Trade Location

Ms. Rashcke’s 2 hour presentation of her trading style with question and answer period at the end of the presentation.

Several key things to take home from her presentation:

1. You cannot just watch a presentation and assume that you have learned the method,

"You have to make it your own."

2. Working out the statistics of a method yourself is important because that makes you understand the intricate details when the method works and when it doesn’t

3. On switching strategy based on different trading environments

There is no such thing as a universal method to be applied to all market conditions.

You have to be flexible like Ms. Raschke or stay out of the market environment where your mindset and method do not work well.

What Ms. Raschke says in the presentation is not something new. It is pretty much the same presentation she has done at major trading conferences and various exchanges for many years. If you are a newcomer in trading, it is a great introduction with many good ideas and tips to take home.

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