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

“Benjamin Van Vliet and Andrew Kumiega give a complete and methodological approach to building trading and investment systems. They cover all you need to know to understand back-testing and prototyping of trading algorithms. Our team had their methodology in mind when they designed our analytical tool, Resolver One, to ensure quality, reliability and consistency when developing trading systems from ideas through prototype to production. A one-stop book for building systematic trading and investment systems. —Jean Viry-Babel, Head of Sales, ResolverSystems, London, United Kingdom

“I believe Kumiega and Van Vliet’s blending of two disciplines – Quality and Finance – is the next step in the evolution of the financial industry. This approach will make financial processes more effective and efficient.”–M. Zia Hassan, Fellow of the American Society for Quality, Dean Emeritus and Professor, Stuart School of Business, Chicago IL

“Andrew Kumiega, a manager in charge of software testing at a Chicago-based trading firm and co- author of ‘Quality Money Management,’ a book that discusses the importance of standards for financial technology, says he is not surprised by the software glitch suffered by Knight because automated trading is still a young industry. It has yet to establish industry-wide standards and frequently suffers from the cross-purposes of three competing groups: traders who view their primary goal as trading success while upholding securities regulations, programmers who focus on coding and creating well designed software, and quantitative analysts who hone in on the mathematics that underpin many trading software efforts. ‘If you look at these three groups, the tactics they employ for effective software testing are all completely different,’ Kumiega said.”–Institutional Investor