Algo Trading News Headlines 9/18/2018

5 Reasons Why Cryptocurrency Trading Bots Are So Popular

(www.cryptodisrupt.com)

“Have you been considering using cryptocurrency trading bots or are looking for a way to get involved with crypto trading on exchanges? Many people are thinking the same as you. Here are five reasons why trading bots are so popular.”

Photo by  Fancycrave  on  Unsplash

Photo by Fancycrave on Unsplash

Why Robots Are Bad Financial Advisors

(www.nasdaq.com)

“In an age of rapidly advancing technology, more investors are opting for DIY financial planning and investment management platforms. These trading platforms, retirement calculators, and auto-rebalancers are increasingly sophisticated, but many investors will learn in the next major market meltdown that there is a human element that cannot be replicated by even the most advanced of these tools.”

Can Computers Time The Market?

(www.seekingalpha.com)

“With my background in software, I decided to design, develop, and test out various quantitative models, and leveraged AI to determine the optimal values for each model or “strategy.” Though some excellent quant platforms like Quantopian exist, I opted to develop this simulator from the bottom up.”

10 Years Later, Many Deep Scars From the Financial Crisis Remain

(www.247wallst.com)

“24/7 Wall St. has evaluated those scars. Admittedly, this has more of an American focus than an international focus. Also worth noting is that an indefinite number of additional scars will remain in place for years and are the aftermath of the Great Recession and financial crisis of the past decade. There is also no way to categorize which scar is the most prevalent because that varies from person to person and from group to group.”

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Algo Trading News Headlines 9/10/2018

Is a Slang programming job at Goldman Sachs a technology career-killer?

(www.efinancialcareers.com)

If you work for Goldman Sachs, Slang is more than just the signifier of an informal word or phrase: it’s the bank’s very own programming language,devised by some of its most brilliant strats over two decades ago. However, depending upon who you speak to, Slang (short for Securities Language) is also a reason why working for the firm is a) incredibly interesting or b) a very quick way of ensuring you will never work anywhere but GS ever again.

Photo by  Jennifer Burk  on  Unsplash

Machine earning: how tech is shaking up bank market-making

(www.risk.net)

This requires human traders to tell quants and technologists how they do their job, which is a tense balancing act. “Clearly, there is going to be the feeling of, ‘Well, you’re just automating everything I’m doing, so what’s in it for me?’” says Ezra Nahum at Goldman Sachs.

You want a machine learning job in finance? They might be less exciting than you think

(www.efinancialcareers.com)

For starters it isn’t actually clear what machine learning actually is. The term conjures up images of artificially intelligent cyborgs poring over streams of financial data, coming up with novel trading strategies which they then test and modify — all without any human supervision.

What Can The Crypto Robots Offer Us?

(www.fragland.net)

Cryptos trading robots utilize our free time and let us think on a passive income that is quite rewarding for a good future. On the contrary, when we are too busy with our own work, it can free up our time and invest on our behalf.

JP Morgan’s top quant warns next crisis to have flash crashes and social unrest not seen in 50 years

(www.cnbc.com)

The trillion-dollar shift to passive investments, computerized trading strategies and electronic trading desks will exacerbate sudden, severe stock drops, Kolanovic said.

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Algo Trading News Headlines 8/31/2018

A Junior Analyst Created a Faulty Quant Model. The Penalty? $97.6 Million

(www.institutionalinvestor.com)

Investors placed billions of dollars into mutual funds and strategies that used models developed solely by an inexperienced analyst at Transamerica affiliate Aegon USA Investment Management, the SEC said in a statement Monday. The models contained numerous errors and did not work as promised, the regulator alleged.

Photo by  chuttersnap  on  Unsplash

Photo by chuttersnap on Unsplash

Quant house AQR hires UBS robo architect for top tech role

(www.fnlondon.com)

The firm has recruited Shane Williams — who helped create UBS SmartWealth, the Swiss bank’s robo-advisory business — as its new head of client technologies, according to an email Williams sent to friends and colleagues on August 27. He joined AQR in August and will be based in the US.

Finance: How to Make the Most of Machine Learning

(www.globalbankingandfinance.com)

As a subset of data science, machine learning uses specific algorithms and chosen datasets to train mathematical models to find patterns, make predictions, segmentation, and more.

Best Starting Kits for Algo Trading with C#

(alpaca.markets)

When it comes to algo trading and automated investment, Python is one of the biggest players in the space, but many experts also use .NET/C# for its high performance and robustness. As we did some research on toolset you might look at to start your algo trading, we wanted to share this list for you.

LUCRE automated trading system encourages crypto traders to Not HODL their cryptocurrency

(MENAFN.com)

LUCRE is a project with the ability to generate revenues in all kinds of market conditions through buying and selling with every good opportunity. Even in a current scenario of not so profitable crypto market, Lucre attempts to make a profit by making short-term trades through its Lucre trading Algo that runs on a Metatrader trading platform.

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Algo Trading News Headlines 8/29/2018

Brazilian crypto trading platform hacked, over 264000 user data leaked

(www.coingeek.com)

Portal do Bitcoin reported that the hack was initially brought to light through a YouTube video posted by Investimentos Digitais. A total of 14,500 accounts containing a total of 5,813 BTC, currently worth about $40 million, were reportedly affected by the security breach.

Photo by  Pedro Menezes  on  Unsplash

Photo by Pedro Menezes on Unsplash

Forecasting Market Movements Using Tensorflow

(alpaca.markets)

In this post we’ll be looking at a simple model using Tensorflow to create a framework for testing and development, along with some preliminary results and suggested improvements.

$6 Billion Daily Crypto Volume is Being Faked, How Can it be Combated?

(www.ccn.com)

Earlier this week, the Blockchain Transparency Institute (BTI) published a report claiming that the global crypto exchange market is faking $6 billion of its daily volume. The researchers at BTI evaluated the user activity and traffic of the market’s biggest crypto exchanges, comparing their projected trading volume to other metrics.

Empower Sebi to crack down on erring CAs, says panel

(http://www.asianage.com/)

New Delhi: The fair market committee report submitted to securities market regulator Sebi has many more unpleasant surprises for various market-connected entities. For instance, it opens a pandora’s box on whether Sebi has jurisdiction over errant chartered accountants or not.

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Algo Trading News Headlines 8/23/2018

Barclays hires AI specialist from Goldman intrading revamp

(www.fnlondon.com)

The hire is another sign of Barclays’ intent to ensure its markets business can compete with rivals in the City and on Wall Street, which are increasingly turning to new technologies to improve performance and cut costs.

No Quant Is Safe as Global Stress Hits Risk Parity Where It Hurts

(www.bloomberg.com)

Risk-parity’s travails might test faith in the trading style over traditional allocations. It’s among the worst-performing categories tracked by JPMorgan, falling 1.2 percent this year. That compares to a 2.1 percent gain for long-short equity funds, 1.7 percent for macro funds, and 2.9 percent for balanced mutual accounts, according to data published by the U.S. bank earlier this month.

UBS trials Netflix-style algorithms for trading suggestions

(www.cnbc.com)

UBS is looking at applying recommendation algorithms to suggest trades to its asset management and hedge fund clients, similar to those used by a host of consumer technology companies.

Market makers, takers and fakers: US exchanges are losing fast

(bravenewcoin.com)

The great ETF debate rages on and there’s a lot of conjecture as to why the SEC should or shouldn’t approve one. But what needs to be addressed foremost is the immaturity and unreliability of many of the exchanges that bitcoin derives its “global spot price” from — that number now over 210 — and the obstacles they may encounter going forward.

Indicators That Could Have Made You 626% ROI During The Recent Bloodbath

(cryptodaily.co.uk)

Those indicators are the 5 EMA and 10 EMA as can be seen on the daily chart for BTC/USD. These indicators have been signaling the direction of every bullish and bearish wave throughout the correction period.

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Algo Trading News Headlines 8/17/2018

Startup Raises $23 Million To Make Crypto Trades Faster And Stealthier

(www.forbes.com)

Silicon Valley-based cryptocurrency trading platform Sfox has raised $23 million in new investment, led by venture firms Tribe Capital and Social Capital. The 20-person startup aims to help investors make large trades by routing their orders to multiple places, enabling faster execution and better prices. Khosla Ventures, startup accelerator Y Combinator, and crypto investors Blockchain Capital and Digital Currency Group also participated in the Series A funding round. Forbes estimates Sfox has reached $15 million in revenue over the past 12 months.

Photo by  John-Paul Henry  on  Unsplash

Blockchain Firm Exscudo To Add Trading Robots Support On Its Crypto Exchange

(blocktribune.com)

Exscudo is currently testing a trading terminal API that will allow Exscudo exchange users to utilize a trading robot that automatically makes trading decisions based on market data analysis and pre-programmed set of parameters.

Forecasting Market Movements Using Tensorflow — Intro into Machine Learning for Finance

(blog.alpaca.markets)

In this post we’ll be looking at a simple model using Tensorflow to create a framework for testing and development, along with some preliminary results and suggested improvements.

The World Economic Forum warns that AI may destabilize the financial system

(www.technologyreview.com)

Compiled through interviews with dozens of leading financial experts and industry leaders, the report concludes that artificial intelligence will disrupt the industry by allowing early adopters to outmaneuver competitors. It also suggests that the technology will create more convenient products for consumers, such as sophisticated tools for managing personal finances and investments.

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Algo Trading News Headlines 8/2/2018

Fondex simplifying copy and algorithmic trading for its growing customer base

(www.worldfinance.com)

Traders can create algorithms with varying degrees of complexity. They can automate only a part of their trading strategy so as to avoid monitoring a chart, or they can create complex algorithms that read multiple markets and time frames, use multiple indicators, and employ sophisticated risk management systems that even take into account calendar events and news.

Photo by  Kelly Sikkema  on  Unsplash

Former High-Speed Trading Executives Allege ‘Tyrannical Coup’ at Quantlab

(www.wsj.com)

A leadership fight has broken out over one of the world’s most secretive and profitable high-frequency trading firms, pitting a beret-wearing mathematician against a former business partner and a Ukrainian physicist.

Four simple steps to creating a Trading Bot without any Coding skills

(smartereum.com)

Most important is the fact that any trader can transform their own peculiar trading strategy into an automated system without any special expertise that is beyond typing in plain English.

Algo Trading for Dummies — Building a Custom Back-tester

(blog.alpaca.markets)

Building a back-tester is a fantastic conceptual exercise. Not only does this give you a deeper insight into orders and their interaction with the market, but it can also provide the framework for the order handling module of your trading bot.

Tradingene, the new way to invest in trading algorithms

(www.globalbankingandfinance.com)

The platform’s marketplace for trading algorithms and subscription plans were released this week, bringing trading algorithms to retail investors and creating new investment opportunities.

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Algo Trading News Headlines 8/1/2018

Algos Help Traders Defy Commodities Fundamentals, But Returns Sag

(www.investing.com)

Growing almost without pause since the US authorized electronic exchanges in 1998, the trend-following High Frequency Trading (HFT) models account for up to 40% of global equity market volumes, though they command only about 10–15% on the average of forex and commodities activity.

Photo by  Joseph Chan  on  Unsplash

Photo by Joseph Chan on Unsplash

Craider launches with bot to automate digital assets and cryptocurrency trading

(venturebeat.com)

Craider lets subscribers make trades with a single tap of a finger. The bot aggregates multiple exchange accounts and executes trades automatically, sending real-time notifications to alert users to immediate buy, sell, and exchange opportunities.

Move into the future of automated trading with Gunbot

(ambcrypto.com)

Gunbot is an automated cryptocurrency trading bot that runs locally and is written by Gunthar de Niro. The bot has an active community, with several coders and GUI designers working on the project currently. It allows users to trade on popular exchanges, including Binance, Bittrex, Bitfinex, Cex.io, Coinbase Pro, Crytopia, Kraken, KuCoin and Poloniex.

Easily Build a Stock Trading Bot Using Broker API

(blog.alpaca.markets)

I find Python to be a good language for this type of data-science, as the syntax is easy to understand and there are a wide range of tools and libraries to help you in your development. On top of this, the Alpaca Python API gives us an easy way to integrate market data without having to implement a new API wrapper.

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Algo Trading News Headlines 7/26/2018

Look Ma, No Code! Meet The IITians Who’ve Built A Code-Free Algo-Trading Platform

(inc42.com)

“Currently, almost 42% of the trade in the Indian market is done through automated algorithmic trading systems. But most of this trading activity is done by high net worth individuals (HNIs) and AIMs. We feel that the retail guys haven’t been given enough horsepower in it. So, we are trying to do just that,” says Ayush Gangwar, CEO of Kuants.

Photo by  Tra Nguyen  on  Unsplash

Photo by Tra Nguyen on Unsplash

Data, Data, Data! 11 Great Financial Data Vendors

(blog.alpaca.markets)

Whether you’re a financial firm or an individual trader, financial data is key for putting together any good strategy. With so many vendors on the market today, many good options get lost in the noise. Here are 11 great financial data vendors.

Can using Bitcoin trading robots help you earn money?

(ambcrypto.com)

With a set of pre-written codes that help in directing the Bitcoin Trading Robots take decisions on your behalf. Moreover, one can find these robots to be more intelligent in it and thus learn from the market trends as well.

New course in algorithmic trading at Saïd

(cherwell.org)

The technique works through using algorithms to replicate patterns in behaviour, and using the resulting estimates to make investment choices, removing human bias and emotion altogether.

Although algorithmic trading has been used for some time, its dominance in financial sectors is growing, and is estimated by the School to account for 20% of hedge funds.

Quant hedge funds lose their allure as performance sags

(www.ft.com)

Investor inflows to computer-powered “quantitative” hedge funds have halved this year to the most sluggish pace since 2009, after a spate of poor performance from many of the industry’s biggest players.

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Algo Trading News Headlines 6/28/2018

Oil Hedge Funds Struggle in Age of Algos

(www.wsj.com)

Raw materials have staged a powerful rally over the past year, but that hasn’t helped some of the biggest commodities hedge funds, which are closing up shop to a degree not seen since at least the turn of the century.

Photo by  Zbynek Burival  on  Unsplash

I Built a Go Plugin for Alpaca’s MarketStore as a College Intern

(blog.alpaca.markets)

For this blog post, I’ll be going over how I created the plugin from start to finish in three sections: Installing MarketStore, understanding MarketStore’s plugin structure, creating the Go plugin., and installing the Go plugin.

Man Vs. Machine: Credit Suisse Finds Renewed Value In Human Traders

(www.forbes.com)

If we take into account the shift from active fund management to passive investing, firms have limited trading opportunities that serve hedge funds. Also, sometimes the most difficult trades are often the largest.

AI Trader unveils its OCO Trading MODE to cryptocurrency investors

(blog.coinspectator.com)

According to its website, AI Trader “uses Artificial Intelligence to identify patterns from big data processed by the program to recognize trends and autonomously process buy, hold and sell orders based on current market events.”

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