"The Science of Algorithmic Trading and Portfolio Management," with its emphasis on algorithmic trading processes and current trading models, sits apart from others of its kind. Robert Kissell, the first author to discuss algorithmic trading across the various asset classes, provides key insights into ways to develop, test, and build trading algorithms. Readers learn how to evaluate market impact models and assess performance across algorithms, traders, and brokers, and acquire the knowledge to implement electronic trading systems.

This valuable book summarizes market structure, the formation of prices, and how different participants interact with one another, including bluffing, speculating, and gambling. Readers learn the underlying details and mathematics of customized trading algorithms, as well as advanced modeling techniques to improve profitability through algorithmic trading and appropriate risk management techniques. Portfolio management topics, including quant factors and black box models, are discussed, and an accompanying website includes examples, data sets supplementing exercises in the book, and large projects.
Prepares readers to evaluate market impact models and assess performance across algorithms, traders, and brokers.
Helps readers design systems to manage algorithmic risk and dark pool uncertainty.Summarizes an algorithmic decision making framework to ensure consistency between investment objectives and trading objectives.

Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.

Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager—perhaps the most recognized and respected name in the field—demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book's numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager's invaluable trading rules and market observations culled from years of real-world trading experience, Getting Started in Technical Analysis offers in-depth coverage of:

• Types of charts—bar, close-only, point-and-figure, candlestick.
• Chart patterns—one-day, continuation, top and bottom formations, the importance of failed signals.
• Trading systems—trend-following, counter-trend, pattern recognition.
• Charting and analysis software—price data issues, time frame/trading style considerations, software research.
• he planned trading approach—trading philosophy, choosing markets, risk control strategies, establishing a trading routine.

China has developed a piecemeal pattern of regulating foreign investment since the end of 1970s. The latest law is the Foreign Investment Law (FIL), which became effective on 1 January 2020. The groundbreaking new FIL is well acknowledged for its promises and affirmations pledged to investors, signalling China's eagerness to improve its investment environment and regain momentum for investment growth. This book provides an updated and holistic understanding of the key features of the regulatory regime on foreign investment in China with critical analysis of laws and their implementation. It also examines sensitive and complex legal issues relevant to foreign investment beyond the 2020 FIL and new developments on foreign-related dispute settlement. The book uses cases of success and failure to illustrate the nuances and differences between law and practice regarding foreign investment. Considering China's magnitude in the global economy and the weighty role of the regulatory system on foreign investment in China, this book is of great interest to a wide range of audience including academics in the field of investment law, legal practitioners, policymakers, and master's students in law and in management.

Introduces the reader to terms and nomenclature used in the field. Surveys the link between sustainability and performance (including risk). Details the integration of sustainable criteria in complex portfolio optimization. Reviews the financial liabilities induced by climate change.

Outlining the different types of financial crime and their impact, this book is a user-friendly, up-to-date guide to the regulatory processes, systems and legislation which exist in the UK. Each chapter has a similar structure and covers individual financial crimes including money laundering, terrorist financing, fraud, insider dealing, market abuse, bribery and corruption and finally tax avoidance and evasion. Offences are summarized and their extent is evaluated using national and international documents. Detailed assessments of financial institutions and regulatory bodies are made and the achievements of these institutions are analysed. Sentencing and policy options for different financial crimes are included and suggestions are made as to how criminal proceeds might be recovered. This third edition has been fully updated and includes a new chapter on corporate financial crime.

Outlining the different types of financial crime and their impact, this book is a user-friendly, up-to-date guide to the regulatory processes, systems and legislation which exist in the UK. Each chapter has a similar structure and covers individual financial crimes including money laundering, terrorist financing, fraud, insider dealing, market abuse, bribery and corruption and finally tax avoidance and evasion. Offences are summarized and their extent is evaluated using national and international documents. Detailed assessments of financial institutions and regulatory bodies are made and the achievements of these institutions are analysed. Sentencing and policy options for different financial crimes are included and suggestions are made as to how criminal proceeds might be recovered. This third edition has been fully updated and includes a new chapter on corporate financial crime.

Praise for Competing for Capital

"An indispensable guide for investor relations and communication counselors alike. With more individual investors in the market than ever before, this book makes navigating the new regulatory playing field much more possible--and makes clear the path to victory."
--Michael W. Robinson
Director, Levick Strategic Communications; Former Director of Public Affairs and Policy, U.S. Securities and Exchange Commission (SEC); Director of Media Relations, NASD

"More than simply writing a textbook on IR, Bruce Marcus shares his wealth of experience and critical viewpoint with those seeking to understand a fast-changing profession."
--June Filingeri
President of Comm-Partners LLC, Investor Relations Consultant, and Educator

"Bruce Marcus puts some solid ground under the shifting landscape of being an investor relations professional. A must-read primer for public companies."
--Robert C. Roeper
Managing Director, VIMAC Ventures, LLC

"As the song lyrics go, 'everything old is new again, ' but this time with a vengeance. Disclosure has always been the touchstone of securities laws, but now more disclosure is required on a real-time basis with heightened accountability. Competing for Capital is a must-read for those in the securities industry, providing insights into securities markets, the information age and technology, and their impact on the job of investor relations professionals. Investors come in all shapes and sizes from around the globe, and investor relations personnel have their work cut out for them to provide clear, comprehensible, and comprehensive information, accessible to the novice and sophisticate alike. Competingfor Capital shows them the way."
--Donna L. Brooks, Esq.
Partner, Shipman & Goodwin, LLP

"Competing for Capital puts our recent turbulent financial marketplace in context, provides solid information for both new and experienced investor relations practitioners, and offers insights into the future of IR--all in Bruce Marcus's easy-reading style."
--Dixie Watterson
IR consultant, Communica Partners

"Competing for Capital aptly illustrates how investor relations has become a major corporate responsibility in generating trust, and how the profession must realize now more than ever that the needs of investors have changed because of technology, regulation, and globalization."
--Mark Kollar
Managing Director, Cubitt Jacobs & Prosek

The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, management capabilities and business experience. When successful, VC-backed companies can contribute substantially to the welfare of society. In this book, VC funds are discussed in the context of macroeconomics, industrial organization, financial intermediation and financial economics. The authors adopt a comprehensive overview to provide clearer insight into the role of VC funds in the capital market and the way they operate.

He was a self-made millionaire and legendary stock trader, a brilliant investor and savvy venture capitalist. He was Bernard M. Baruch, the most famous and admired figure ever to have conquered Wall Street. And when one of the nation's foremost financial writers took on the challenge of capturing Baruch's genius, the result was destined to become a classic: a sophisticated, superbly written biography exploring Baruch's extraordinary career as never before. Now, this stunning republication of James Grant's critically acclaimed Bernard Baruch: The Adventures of a Wall Street Legend celebrates both the Wall Street wizard and the gifted writer who revealed the man behind the myth.

A man of immense charm, who also knew the value of courting the press, Bernard Baruch enjoyed a larger-than-life reputation that rivaled his estimated fortune. Celebrated as "Adviser to Presidents" and "The Park Bench Statesman," he is, perhaps, best remembered as "The Man Who Sold Out Before the Crash" (a feat of economic foresight that, alas, turned out not to be true; for, while his trading expertise enabled him to salvage most of his investments, Baruch did not sell out on the eve of the 1929 Crash).

Yet, as detailed in this fascinating portrait, Baruch's real life was, in actuality, far more intriguing than the myriad stories that would come to be taken as fact. He could appear quite contradictory, changing his views as easily as he bought and sold securities. For instance, why would so shrewd an investor as Bernard Baruch prove reluctant to develop a property like Texasgulf, Inc., after helping to finance it? It was a decision that cost him an opportunity to make as much money as his adoring public always imagined him to have.

Bernard Baruch made his money in the days of free and untaxed markets. As a governor of the New York Stock Exchange, he resisted the Progressive Era demand for government regulation of trading. However, as Chairman of the War Industries Board in 1918, he eagerly embraced a kind of wartime socialism, thereby setting the first American precedent for centralized economic planning. During the 1920s, '30s and '40s, he vehemently opposed America's drift to statism, even as he supported the politicians who had engineered it. He was, in fact, one of the Democratic party's top contributors —until he bitterly broke with President Truman.

James Grant's scrupulous research uncovered a wealth of previously untapped material from the archives of the New York Stock Exchange, unpublished legal documents, Baruch's own trading records, and the early files of Texasgulf. We read startling details of events such as the infamous "peace-note leak" investigation of 1917, in which Baruch was accused of profiting on the unauthorized disclosure of state papers; his controversial career in Washington in 1918 and at the Versailles Peace Conference in 1919; his vital, behind-the-scenes role in the politics of the 1920s. Here, too, is Baruch's curious, often embittered relations with the New Deal, as well as his service as American ambassador to the postwar negotiations to control the atomic bomb.

Masterfully written, Bernard Baruch is a richly rewarding, full-scale biography every bit as compelling, as mesmerizing, as monumental as its legendary subject.

Praise for Bernard baruch

The Adventures of a Wall Street Legend

"Fortunately, the fallible, erratic Baruch of fact that emerges from Grant's book turns out to be more fascinating than the blander one of legend." —Tony Bianco, BusinessWeek

"Grant paints a wonderfully evocative social, geographical, and financial portrait of Wall Street during those early rough and tumble years." —Nancy Boardman, Barron's

"With extraordinary skill, James Grant cuts Baruch down to a human dimension without destroying the myths and the legends. This is a book for anyone who enjoys a good read in biography, in history, in finance, or in politics—or, even better, in all of them combined." —Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk

"Anyone who reads Bernard Baruch: The Adventures of a Wall Street Legend will discover why James Grant has become our finest narrative historian of money. No one dissects the idiosyncrasies of supply and demand with greater wit and intelligence. While Baruch has had many biographers, none of them have attained Grant's aesthetic sensibility, understanding of finance, or his inability to be more respecting than respectable." —Matthew Winkler, Editor in Chief, Bloomberg Business News

"Similar to Reminiscences of a Stock Operator, only all fact, is James Grant's excellent biography, Bernard Baruch. Not only does it cover such great moments as when Baruch visited the Tacoma suburb of Boston to acquire the copper mill for American Smelting, but all sorts of sophisticated dealings on Wall Street. It also contains Baruch's set of trading tips." —Greg Heberlein, The Seattle Times

An informative guide to selecting and evaluating external investment professionals
This book-one of the very few of its kind-is an invaluable aid to trustees of pension plans, endowments, and trusts who seek to chart and navigate courses for governing and overseeing the investment of the trillions of dollars under their care. It covers many aspects of this essential endeavor, including return measures, fixed income and duration, manager searches, committee meetings, and much more.
G. Timothy Haight (Atherton, CA) is President of Menlo College in Silicon Valley. Stephen O. Morrell, PhD (Coral Springs, FL) is Professor at Andreas School of Business of Barry University. Glenn Ross (Baltimore, MD) is a Managing Director and cofounder of Archstone Portfolio Solutions.

The Front Office Manual is unique, providing clear and direct explanations of tools and techniques relevant to front office work. From how to build a yield curve, to how a swap works, to what exactly 'product control' is supposed to do, this book is essential reading for anyone who works (or wants to work) on the 'sell side'.

Praise for "Equity Hybrid Derivatives"

"Hybrids represent the fastest growing segment in the derivatives business. Written by perhaps the finest quant shop in the world, this book presents the state of the art in modeling equity hybrid derivatives."
--Peter Carr, PhD, Head of Quantitative Financial Research Bloomberg L.P., New York, and Director of the Masters in Math Finance Program, Courant Institute, New York University

"This is a unique book. It is a deep and sophisticated treatment of equity hybrids: the products, the models, the mathematics, and the numerics. Anyone with a serious interest in the market will need this book."
--Dr. Nick Webber, Director of the Financial Options Research Centre, University of Warwick

"The Quantitative Products Group of Deutsche Bank continues the study of the latest generation of equity derivatives with the same talent as in its previous books. The market has integrated a wide range of new asset classes such as realized volatility, hedge fund strategy, or hybrid structures in fixed income-equity and equity-credit, which are now booming. These hybrid products have also generated new numerical problems both for PDEs or Monte Carlo methods. To offer both a concise presentation of the risk analysis and a comprehensive overview of the pricing and hedging methodology of these complex exotic structures was a great challenge; I must say that I am very impressed by the result."
--Professor Nicole El-Karoui, Ecole Polytechnique Paris

"This is an excellent book on equity hybrid derivatives, written from the practitioner's point of view by a leading quant team. It provides a comprehensive overview of state-of-the-art methodologycombined with cutting-edge research in mathematical finance. The book is a most valuable read both for academics and practitioners."
--Professor Alexander Schied, Berlin University of Technology

How to diagnose and monitor key hedge fund operational risks

With the various scandals taking place with hedge funds, now more than ever, both financial and operational risks must be examined. Revealing how to effectively detect and evaluate often-overlooked operational risk factors in hedge funds, such as multi-jurisdictional regulatory coordination, organizational nesting, and vaporware, "Hedge Fund Operational Due Diligence" includes real-world examples drawn from the author's experiences dealing with the operational risks of a global platform of over 80 hedge funds, funds
of hedge funds, private equity, and real estate managers.

This is the first book of its kind on the market and is aimed at collateral management professionals in the OTC derivatives markets. It is a guide to the key topics involved in establishing and running a collateral management function and is clear, comprehensive and practical. A Practical Guide to Collateral Management will also be of value to those professionals working in product areas applying collateral management techniques including repo, securities lending and exchange traded products.

Divided into three comprehensive parts, "Trade to Win" explains the fundamental elements of author Thomas Busby's proven trading approach-which deals with the significance and use of time, key numbers, and market indicators. Along the way, you'll find strategies for trading stocks, options, futures, and other financial products, and go beyond the numbers to learn about a few of the often overlooked aspects of trading-including risk management, money management, and the impact of emotions on your trading.

Market players put their jobs on the line with every position they take. Any fixed income investor in the circumstance of being granted one wish would probably want to know what interest rates are going to do in the future. Economists and others have constructed models of interest rate behaviour, but no model works in all circumstances.

Fixed Income Investment aims to straddle the different worlds of theoretical models and practical market experience, while offering an interdisciplinary framework for fixed income investing and trading.

* A focussed but very practical approach to fixed-income investment, aimed at practitioner market
* Contains investment checklists and interviews with market practitioners
* Offers an interdisciplinary framework for fixed-income investing and trading, and combines worlds of theoretical models and practical market experience

This book investigates the going-concern principle in the non-financial disclosure by companies in the international scenario proposing concepts and challenges to come. Following the main accounting literature, requirements and regulations, this book proposes the current state of the art in the non-financial disclosure, collecting main mandatory and voluntary frameworks and standards (e.g. European Directive 2014/95/UE on non-financial information, Global Reporting Initiative, International Integrated Reporting Council, Sustainability Accounting Standards Board, Climate Disclosure Standard Board, Carbon Disclosure Project, AA1000). This is a useful proposition for the investigation of the presence versus absence of the going concern in the sustainability and non-financial reports and disclosure by companies. Through a qualitative methodology, this book is intended to show the incidence of the going-concern in the non-financial disclosure and to what content and meaning it is refereed. Several issues and characteristics of information provided to stakeholders are drafted.

This book will satisfy the demand among college majors in Finance and Financial Engineering, and mathematically-versed practitioners for description of both the classical approaches to equity investing and new investment strategies scattered in the periodic literature. Besides the major portfolio management theories (mean variance theory, CAPM, and APT), the book addresses several important topics: portfolio diversification, optimal ESG portfolios, factor models (smart betas), robust portfolio optimization, risk-based asset allocation, statistical arbitrage, alternative data based investing, back-testing of trading strategies, modern market microstructure, algorithmic trading, and agent-based modeling of financial markets. The book also includes the basic elements of time series analysis in the Appendix for self-contained presentation of the material. While the book covers technical concepts and models, it will not overburden the reader with math beyond the Finance undergraduates' curriculum.

Winner of the Book Excellence Awards 2017, Personal Finance category Given the complex and challenging world of investing, what chance do individuals have navigating the financial minefield and emerging unscathed? Not much, unless they become knowledgeable about investment fundamentals, recognize and correct their mistakes and behavioral biases, and avoid traps strewn along their path. Investment Traps Exposed guides investors past such potential pitfalls as pyramid and Ponzi schemes to help them become more financially successful. Investment Traps Exposed helps investors and advisors increase their awareness about the external and internal traps that they or their clients can encounter. Baker and Puttonen not only examine common mistakes, assumptions and deceptions that can ensnare investors, affect sound judgment, and reduce wealth but also delve into how to recognize and avoid these errors. The authors present practical advice and real-world examples in a user-friendly manner, and also nudge investors to stay on the right course to mitigate misbehaving.

Some are born with it. Others acquire it. Everyone wants it. It's the ultimate market wisdom, and your key personal asset on the road to financial success—it's intuition. In The Intuitive Trader, Robert Koppel draws on his extensive knowledge of the markets—culled from decades of frontline experience, as well as insightful interviews with top traders—to lay out a fascinating, practical "blueprint" for developing and honing intuitive trading skills.

Success depends on refining your intuition to a level that allows you to take the next step with unshakable confidence. But bringing yourself to this level is a daunting challenge—one that often requires you to override the logic of your acquired knowledge. It begins with self-awareness, a notion that many traders resist, looking instead to black-box trading systems and the expertise of self-proclaimed "gurus." Koppel explains why relying solely on empirical reasoning can actually inhibit your trading performance. He demonstrates why you need to combine the deductive with the inductive—integrating the intellect with the intuitive.

Along with penetrating analysis by psychologists and psychiatrists, The Intuitive Trader is filled with industry success stories from the likes of:

• Linda Leventhal, the independent trader and current member of the Chicago Mercantile Exchange who discusses the thrills and dangers of trading in the pit;
• Howard Abell, equally at home trading on the floor or in front of a computer screen, who recalls a lifetime of lessons in the importance of understanding—and loving—the process;
• Thomas Belsanti, the interest rate, stock option, foreign currency, and livestock wizard who explains how he stays motivated and confident day in, day out;
• Charles Faulkner, the strategies expert whose extensive writings on the science of success explore how and why people succeed in the market.

With extensive exercises that will show you how to use intuition to enhance your trading performance, The Intuitive Trader provides the insights and techniques you need to take your trading to a new level.

Advance praise for THE INTUITIVE TRADER

"The Intuitive Trader is an indispensable addition to a trader's library. Bob Koppel has clearly identified how traders can distinguish true intuitive trading impulses from market hunches. I highly recommend The Intuitive Trader."—John F. Sandner, Chairman Chicago Mercantile Exchange

"Koppel has opened the door for those willing to do the work. He has done a superb job with this difficult subject."—John R. Conheeney, Jr. Chicago Board of Trade

"The Intuitive Trader is well-written...and clearly presented. Throughout his writing runs the thread of simple common sense. The Intuitive Trader is an important book that will remain fresh years into the future when the trading system you bought no longer works..."—from the Introduction David Silverman, Director Chicago Mercantile Exchange

"Koppel cuts new ground in the exploration of intuition...that most traders will find as relevant and as indispensable as a quote screen. The Intuitive Trader is a must read for both the veteran and aspiring trader."—from the Foreword William J. Brodsky, President Chicago Mercantile Exchange

Rand Financial Services provides expert clearing and execution, services for the CTA/CPO, and institutional services. Rand is a member of all principal U.S. commodities exchanges

Written in an accessible style from a consumer perspective and blends academic research with professional insights. Deals with all essential aspects of financial services that affect consumers and how they can exploit opportunities. Each of the chapters contain a list of learning objectives; a range of scenarios, case studies, examples and articles to provide a "real world" context to the discussion; a key points summary with referencing and further reading and useful on-line resources, as well as, a selection of short self-review questions. Enables readers to understand how the operations, complexity and dynamism of an ever-changing financial services industry shape the financial opportunities and risks they face.

Written in an accessible style from a consumer perspective and blends academic research with professional insights. Deals with all essential aspects of financial services that affect consumers and how they can exploit opportunities. Each of the chapters contain a list of learning objectives; a range of scenarios, case studies, examples and articles to provide a "real world" context to the discussion; a key points summary with referencing and further reading and useful on-line resources, as well as, a selection of short self-review questions. Enables readers to understand how the operations, complexity and dynamism of an ever-changing financial services industry shape the financial opportunities and risks they face.

Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.

* for millenials and novice investors who wish to understand more of social impact investing and the book provides an easy to follow framework through the Australian case study * fills a market gap as the book looks at how policy making plays a crucial role in the development of impact investing enterprises and addresses how regulatory framework can effect the nurturing of such enterprises * Promises to be a digestible, easy to read guide to impact investing