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Inside the Black Box: The Simple Truth about Quantitative Trading

3.46  ·  Rating Details ·  175 Ratings  ·  17 Reviews
Inside The Black Box The Simple Truth About Quantitative Trading

Rishi K Narang

Praise for

Inside the Black Box

"In Inside the Black Box: The Simple Truth About Quantitative Trading, Rishi Narang demystifies quantitative trading. His explanation and classification of alpha will enlighten even a seasoned veteran."
?Blair Hull, Founder, Hull Trading & Matlock Trading

"Rishi p
ebook, 256 pages
Published August 7th 2009 by Wiley (first published 2009)
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This is a clear if somewhat dry exposition on the mechanics of quantitative trading - using algorithms to make financial trades at a variety of frequencies and with a variety of different strategies. Obviously, with high frequency trading in the news so much there is special attention given to that subject, explaining how HFT works, and why so much of what you have heard about it is false.

Overall the book is very successful and is packed with information. People already knowledgable of the indus
A gentle introduction to quant trading. The writing is not that great - which is often the case when people with technical expertise take up writing but the explanations are clear. The bland writing "automatically" prevents the author from sounding like someone with a hidden agenda. There are points when Narang becomes defensive of the quant trading but he views quant funds as not so different from traditional funds - stressing that quants merely follow successful traders. There is no magic invo ...more
Aug 13, 2010 John rated it liked it  ·  review of another edition
Shelves: trading
Good book for someone completely new to quant trading, but not much there otherwise. I'd check out chapters 9,10,12 other than that stuff is pretty standard. Good intro if you have no experience though.
Probably aimed at investors wanting to understand and assess quants. If you're a day trader looking for an edge over HFTs, there's none, and the book will be too detailed and specific. Conversely if your aim is to become a quant, or build an algorithmic strategy, there won't be enough info.
It makes a point that quant trading is not that different from discretionary trading and traditional investing, in face, most considerations, e.g. seeking alpha and portfolio construction, are based on the sam
Jeff Rogers
Dec 30, 2014 Jeff Rogers rated it really liked it  ·  review of another edition
Very good overview of quantitative/algorithmic trading. Doesn't go into implementation details or suggest specific strategies, but gives enough information for the interested reader to figure out where to look for the specific information they're interested in.

One especially strong aspect of this book was its emphasis on approaching trading scientifically, and avoiding errors related to overfitting or otherwise allowing bias to enter into models.
Aashish Rathi
A good book for a higher level view of the field. Don't expect to learn the specifics from this. The later chapters tend to get a bit boring. But definitely a book worth reading for beginners and curious minds.
Sean Zhang
Dec 31, 2016 Sean Zhang rated it it was amazing  ·  review of another edition
If you are a nerd and you are not shamed of it, I suggest that you read this book. This book is very informative and stimulating in the area of quantitive finance!
Big-data and loopholes of the financial system.
A little too detailed.
Sep 25, 2015 R_Roy rated it liked it  ·  review of another edition
i dont know how to work on this website
Matias Bastos
Aug 11, 2016 Matias Bastos rated it really liked it  ·  review of another edition
Is ok to have a general overview of quantum trading algorithms.
Feb 10, 2014 Russ rated it did not like it
Nuts and bolts analysis of quants fund. You won't learn much about investing. It might be a good introduction if you're unfamiliar with the funds.
Apr 20, 2013 Ede rated it really liked it  ·  review of another edition
Mar 24, 2011 Pang rated it it was ok  ·  review of another edition
It was ok. I was looking for something else, and this book was too general. However, I still picked up few tidbits.
Michael Friedman
Jul 24, 2012 Michael Friedman rated it really liked it  ·  review of another edition
Good view into quant trading
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