Quality Money Management : Process Engineering and Best Practices for Systematic Trading and Investment

As one might imagine, version control is essential. If a new version fails a test that a previous version passed, version contro ...

211 exercised through their interfaces. Test cases are constructed to test that all components interact correctly. Integration t ...

212 CHAPTER ◆ 2 2 Build and Document the System detect defects within the system as a whole. (System testing makes sure the soft ...

213 Check Performance and Probationary Trade CHAPTER ◆ 23 The product team must be confident that the development team has built ...

214 CHAPTER ◆ 2 3 Check Performance and Probationary Trade ● Documented the rationale for design decisions. ● Planned and conduc ...

215 All approved designs and software should be placed under configuration management, which is accurate with respect to the num ...

216 CHAPTER ◆ 2 3 Check Performance and Probationary Trade historical data, the SPC charts from Stage 2 and Stage 3 should be ne ...

217 Users of the system, generally the traders, perform these tests. Test designers draw up formal tests and devise a range of s ...

218 CHAPTER ◆ 2 3 Check Performance and Probationary Trade 23.5. User Documentation The product team includes a marketing person ...

219 23.7.1. Best Practices ● Prove that processes are followed and software meets requirements through QA audits. ● Write user d ...

221 Gate 3 In the chapters on Gates 1 and 2, we discussed many important issues regarding gates in general, and all of the conce ...

222 CHAPTER ◆ 2 4 Gate 3 Gate 3 will prevent implementation of the trading/investment system until the required activities and d ...

223 The responses to these questions will cross every boundary of the project, from manage- ment interaction to documentation, t ...

224 CHAPTER ◆ 2 4 Gate 3 ● Phase 3: Integration. Communicate the findings and create new performance goals. ● Phase 4: Action. M ...

225 24.3. Summary By the time of the Gate 3 meeting, all operational risk should be removed. Nevertheless, management should con ...

STAGE ◆ IV Manage Portfolio and Risk ...

STAGE 4: Overview CHAPTER ◆ 25 STEP 2: Define performance controls STEP 3: Perform SPC analysis STEP 4: Determine causes of vari ...

CHAPTER ◆ 2 5 STAGE 4: Overview Portfolios of securities and derivatives require constant monitoring and so successful implement ...

Very interesting is that some of the best funded pension plans in the world do not believe that a firm can significantly outperf ...

232 CHAPTER ◆ 2 5 STAGE 4: Overview Furthermore, systems are not scaled up or down in backtests; they assume a steady state. The ...