Alpha Trading: Profitable Strategies That Remove Directional Risk

Perry Kaufman's ability to make complex ideas understandable and his keen understanding of the markets of today is on display in this excellent book. We are, indeed, into new territory in trading and Alpha Trading is the first book I have seen to embrace the reality of this new era and to put forth specific strategies appropriate for today and for the markets ahead of us.—JEFF QUINTO, President, Electronic Futures Trader Inc.

"Alpha Trading helps investors pursue steady returns in volatile and uncertain markets. Kaufman offers an important addition to the literature on diversification and controlling risk, and makes the process simpler with the creation of a stressindicator that providesa better approach to entry and exit timing."—MASATOSHI MUTO, President and CEO, Mizuho Alternative Investments, LLC

"As always, Perry Kaufman manages to explain advanced quantitative trading strategies in an approachable and interesting way. This book is an excellent introduction to the world of systematic alpha trading and readers are rewarded with many practical examples as well as the long-term trading experience of one of the most knowledgeable experts in the industry. A highly recommended read for anyone with an interest in the field." —MORITZ SEIBERT, Head of Equity Structuring for the Americas, RBS

"Another must-read book from Perry Kaufman. For anyone who hopes to be successful in this industry, Perry's demonstration of the understanding of risk and volatility, using strategies that have a sound rationale behind them, is essential reading. Highly recommended. —THOMAS MORROW, Principal, Aquantum SARL

"A new great book by Perry Kaufman. Full of practical and original ideas on how to design, test, and implement market-neutral strategies. Only a few pages after you start reading, you feel the need to start testing and adapting strategies to your own trading."—JORGE BOLIVAR, CEO, TechRules.com

"The concept of alpha trading is well thought through and gives the reader an excellent toolbox for other strategies, especially in risk management applications. We will be using the alpha trading concept for our new stock selection approach based on the systematic evaluation of intangible assets of companies."—CARSTEN LUND, Managing Partner, ARIAD Asset Management

"With this succinct and remarkably lucid guide to statistical arbitrage, Perry Kaufman shows investors how to profit without taking market risk. Individual investors, as well as seasoned professionals, will benefit from Kaufman's broad ranging experience and outstanding communication skills." —MARK KRITZMAN, President and CEO, Windham Capital Management