Algorithmic Trading
11 lessons in this track so far, in the order we suggest reading them.
Algo Basics
IntermediateAlgorithmic Trading ExplainedAlgorithmic trading uses computer programs to make and execute trading decisions. Learn the main types, how algo systems are built, the benefits and the real risks.IntermediateAutomated vs Semi-Automated TradingAutomated trading systems place and manage orders without manual input. Learn levels of automation, platforms, what to automate first and the safeguards.IntermediateExecution Algorithms vs Alpha AlgorithmsExecution algorithms split large orders into smaller pieces to reduce market impact. Learn VWAP, TWAP, POV and implementation shortfall algos and how to choose.IntermediateHigh-Frequency TradingHigh frequency trading uses extreme speed to trade huge volumes for tiny profits per trade. Learn the main HFT strategies, the technology and the criticisms.IntermediateDeveloping, Testing and Monitoring AlgorithmsA step by step process for developing a trading algorithm, from idea and specification to coding, testing, review and staged deployment with real controls.IntermediateRisk Controls and Kill SwitchesPre trade risk checks and kill switches stop a trading algorithm before a bug becomes a disaster. Learn the essential limits, how to layer them and how to test them.
Going Live
AdvancedFrom Backtest to Live: Paper, Shadow and CanaryWhy live results almost always trail backtests, how to measure the gap, and a staged plan for taking a strategy from backtest to paper trading to real money.AdvancedMonitoring Positions, P&L and RiskRunning algorithms need constant monitoring. Learn the key health, trading and risk metrics to track, how to design useful alerts and how to avoid alert fatigue.AdvancedAlerts, Error Handling and ReconnectionTrading systems face rejected orders, disconnects, bad data and partial fills. Learn how to classify errors, retry safely, use idempotent orders and fail closed.AdvancedFailover, Backups and Disaster RecoveryPower cuts, server crashes and broker outages happen. Learn how traders and trading systems plan for disasters, with backups, failover and tested recovery steps.AdvancedLogging, Audit Trails and Incident ResponseAn audit trail records every signal, order, change and fill so trading can be reconstructed later. Learn what to log, the regulatory rules and how it helps traders.