Book description
Conventional wisdom suggests that markets are efficient, random walks
and that stock prices rise and fall with the fundamentals of the
company. How then have black-box traders prospered and how do they
exploit market inefficiencies? Are their strategies on their last legs
or will they adapt to the new landscape amidst the global financial crisis?
Chasing the Same Signals is a unique chronicle of the black-box
industry's rise to prominence and their influence on the market place.
This is not a story about what signals they chase, but rather a story
on how they chase and compete for the same signals
Brian R. Brown is a Wall Street veteran in
quantitative trading. He spent eight years as an executive at Morgan
Stanley in Hong Kong, serving as director of pan-Asia systematic
trading, where he was influential to Asian reforms that increased
market efficiency and attracted global investors. Brian formerly
researched and managed statistical arbitrage strategies for Trout
Trading Management, one of the legendary Market Wizards. He has
advised the industry's largest hedge funds on how to adapt their
models in emerging markets. Brian was born in Canada and graduated
from the University of Waterloo. He currently lives in Hong Kong with
his wife, two children and the family dog, Hotrod.
