DominicConnor
Senior Member
Posts: 10695
Joined: Jul 2002
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Tue Jun 23, 09 01:49 PM
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Certainly practical experience of any kind helps, and if Marketcetera looks interesting to you then go for it.
There are to my knowledge no good specialist books on this subject.
But there are many good works on Market Microstructure, game theory, market impact modelling, probability, signal processing, econometrics, filtering, etc.
Wilmott's book won't make you an algotrader, indeed PW is well known to see market forecasting as a dubious activity, But you need to know core finance to the level of the authors you cite, so that you may be able to think sensibly about trading based on maths.
Queuing theory will help you with some aspects of market microstructure, and might be a good place to start.
You need to learn C++, some algotraders do use C# and a few even use Java, but to stand a realistic chance of playing in this game you need C++, and probably some mix of Matlab & R.
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Discussion on the new regulations on bonuses here.
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