Inside the Black Box

Rishi K Narang, founder of T2AM, LLC, has written a comprehensive book about quantitative trading. Please click here to order the third edition, releasing in 2024.

Master the basics and intricacies of quant and high-frequency trading with the latest edition of this accessible and widely-read guide:

In the newly revised third edition of Inside the Black Box: A Simple Guide to Systematic Investing, veteran practitioner and investor Rishi K Narang delivers another insightful discussion of how quantitative and algorithmic trading strategies work in non-mathematical terms. As with prior editions, this third edition is full of timeless concepts and timely updates. Supplemented by compelling anecdotes and real-world stories, the book explains the most relevant developments in the discipline since the publication of the second edition in 2013.

You'll find out about the explosion in machine learning for alphas, signal mixing, data extraction, and execution, as well as the proliferation of alt data and a discussion of how to use it appropriately. You'll also discover:

• Updated discussions of approaches to research

• Newer and more effective approaches to portfolio optimization

• The frontiers of quantitative investing

An essential and accessible treatment of a complicated and of-the-moment topic, Inside the Black Box remains the gold standard for non-mathematicians seeking to understand the ins and outs of one of the most fascinating and lucrative trading strategies, as well as quants from disciplines outside of finance looking for a conceptual framework on which to build profitable systematic trading strategies.

By clicking on the link above the user acknowledges that they are leaving the T2AM, LLC website. Such links are provided as a convenience to the user. The inclusion of any link does not constitute an endorsement, authorization, sponsorship, affiliation or monitoring by T2AM, LLC with respect to such linked site or its owners. Accessing any linked sites is at the user's own risk.