Electronic Trading Strategies

Price: $995   Register now

Recommended that you register at least two weeks in advance.

Course Features

  • Course date:02/11/2020
  • Course Duration: 1 Day
  • Level: Intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Dress Code: Business Casual

Electronic Trading Strategies

This is an intensive 1-day workshop aimed at providing breadth and depth of knowledge of equity electronic trading strategies used to produce alpha for clients trading equities from both the sell-side and buy-side perspectives. This course is a “day in the life” of a trader with case studies designed to allow participants to think through various electronic trading strategy options. Electronic trading, algorithms, dark pools and smart order routers are not new but our goal is to bridge the knowledge gap to help course attendees learn the trading strategies used by experienced practitioners to help participants to optimize algorithmic trading outcomes and lower trading costs. This practical and intensive workshop will not only unravel key developments in the trading landscape but also explore the art and science that goes into developing effective customized algorithmic trading strategies. You will also learn how to use pre- and post-trade analytics and venue analytics to your advantage to optimize trading performance.

Target Audience

This course targets buy-side and sell-side trading professionals that look to broaden and deepen their knowledge of electronic trading strategies, trading technology, and transaction cost analytics. Other capital markets professionals that would find this course to be a complement to their capital markets knowledge include investment managers, stock exchanges, alternative venues, quantitative analysts, risk managers, compliance, market structure analysts, etc.

Course Objectives

At the end of this course, attendees will be able to understand:

  • Pre-trade Analytics
  • Technical Trend Analytics
  • Order Management Systems (OMS)
  • Execution Management Systems (EMS)
  • Strategy Selection
  • Algorithm Parameter Decisions
  • Dark Liquidity
  • Smart Order Router Strategies
  • How to Lower Trading Costs
  • Post-trade Analytics
  • Venue Analytics

Section 1: Pre-trade analytics and strategy selection

  • Order management systems (OMS)
  • Execution management systems (EMS)
  • Pre-trade analytics
  • Technical trend analytics
  • Trading strategy selection

Section 2: Algorithmic trading strategies

  • Evolution of trading algorithms
  • Algorithmic trading strategies
  • Parameter selection
  • Performance benchmarks
  • Customizing algorithms

Section 3: Automated electronic trading strategies

  • Complex Event Processing (CEP)
  • High-frequency trading
  • Multi-asset trading strategies
  • Index arbitrage
  • Delta-1 trading strategies

Section 4: Dark liquidity and smart order routing strategies

  • Passive vs aggressive strategy selection
  • Types of dark pools and hidden orders
  • Side-stepping toxic liquidity
  • Information leakage
  • Reversion factor

Section 5:  CASE STUDY – Strategy selection to minimize trading costs

  • Bid-ask spreads and order book queues
  • Impact of volatility on trading strategies
  • Order size and market impact concerns
  • Volume curves and tilting the curve
  • Opportunity costs

Section 6: Transaction cost and venue analytics

  • Spread capture and timing contribution
  • Impact and opportunity cost
  • Front loading and back loading
  • Trading style matching investment alpha
  • Venue prioritization and maker/taker pricing
  • Detecting biases and venue preferencing
  • Distribution of trading performance

Section 7: Global electronic trading trends

  • MiFID II, best execution and “algo wheels”
  • FinTech and the electronification of trading processes
  • Artificial intelligence in equity trading strategies
  • Future trends in equity trading

Instructor

  • Michael is a Senior Analyst at TABB Group, with over 25 years of trading and research experience, across 5 countries.  Before joining TABB Group, he was Head of Sales Trading Asia Pacific at Pavilion Global Markets and Head of Electronic Trading (Advanced Execution Services) at Credit Suisse Securities Japan. Prior to that, Michael was Head …
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