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Oxford business school ensina algorithmic trading

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Oxford business school ensina algorithmic trading

por rsacramento » 17/7/2018 1:38

Oxford university’s Saïd business school is launching a course in algorithmic trading, underscoring how prevalent this form of investing has become as artificial intelligence rapidly advances.

The six-week introductory course will provide students with an insight into successful trading strategies using computer algorithms, and the ability to decide whether a hedge fund that uses them is worth investing in. It will also explain how to build a simple algorithmic trading model.

Nir Vulkan, an associate professor of business economics at Oxford Saïd who is teaching the algorithmic trading programme that starts this month, said it was the first course of its kind worldwide.

Oxford university’s centre for machine learning, established several years ago with funding from Man Group’s AHL unit, only offers advanced courses on the topic to graduate students.

Algorithmic trading has become increasingly popular with hedge funds over the past 30 years, and Oxford Saïd said 20 per cent of the industry was now pursuing this strategy.

These investors, also known as quantitative or systematic funds, use high-powered computers to make trading decisions based on algorithms that can spot changes and trends across multiple different markets.

Proponents of quantitative trading, which include hedge funds called commodity trading advisers, argue that computers can analyse huge amounts of data far faster than humans, and that AI also removes emotion from trading decisions.

While hedge funds were early adopters of algorithmic trading, banks and asset managers have also now invested heavily in the activity.

“This is an area where technology, big data and finance collide,” said Mr Vulkan, who has worked with hedge funds for more 15 years on algorithmic trading models.

“It’s relevant now more than ever, because of the increase in automation and because systematic funds have been gaining more momentum and becoming more popular, while artificial intelligence and machine learning are getting better.”

Despite their popularity, commodity trading advisers have struggled in recent years and are down more than 4 per cent in 2018, according to Société Générale’s CTA Index.

Hedge fund managers including Martin Lueck, one of the co-founders of AHL who now runs Aspect Capital; Ewan Kirk, the chief investment officer of GAM Systematic; Susi Gorbey, director of quantitative strategies oversight at Tudor Capital Europe; and Matthew Sargaison, co-chief executive of Man AHL, will speak to students on Oxford Saïd’s course.

Mr Vulkan said he decided to establish the course after the success of online programmes at Oxford Saïd in financial technology and blockchain.


in https://www.ft.com/content/154c12a2-890d-11e8-b18d-0181731a0340
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