Links for 2007-09-10

Sample Chapter:

1. How I Became a Quant
   
• Chapter 1 - David Leinweber - The author talked about how he started in the military industry in 70's and entered into the finance industry in the 80's. AI played an important role for him to make the switch. Thought he didn't say much about how he applied AI to the stock market, it's a fun read.
  

Article:

1. A Little AI Goes a Long Way on Wall Street
• Written by David Leinweber and Yossi Beinart and published in 1994.
  
• According to the article, their product, MarketMind seems to be a rule-based system. It monitored the market according to the rules users specified and alerted users when conditions match. A rule editing tool was provided as well. Another system, Quantex, was integrated with MarketMind to provide automatic order generation and execution capability.
  
• The article read like a white paper, talking what their systems did, but not how. However, 2 techniques were mentioned, 'Rete matching' and 'Earley Algorithm'. I think I need to dig deeper.