Machine Learning and Data Science Bluepr...

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OReilly Media Inc.OReilly Media Inc.

machine learning, data science, financemachine learning, data science, finance

About this book

The value of machine learning (ML) in finance is becoming more apparent each day. Machine learning is expected to become crucial to the functioning of financial markets. Analysts, portfolio managers, traders, and chief investment officers should all be familiar with ML techniques. For banks and other financial institutions striving to improve financial analysis, streamline processes, and increase security, ML is becoming the technology of choice. The use of ML in institutions is an increasing trend, and its potential for improving various systems can be observed in trading strategies, valuation, and risk management.

Although machine learning is making significant inroads across all verticals of the financial services industry, there is a gap between the ideas and the implementation of machine learning algorithms. A plethora of material is available on the web in these areas, yet very little is organized. Additionally, most of the literature is limited to trading algorithms only.

Machine Learning and Data Science Blueprints for Finance fills this void and provides a machine learning toolbox customized for the financial market that allows the readers to be part of the machine learning revolution. This book is not limited to investing or trading strategies; it focuses on leveraging the art and craft of building ML-driven algorithms that are crucial in the finance industry.

machine learning, data science, financemachine learning, data science, finance

Implementing machine learning models in finance is easier than commonly believed. There is also a misconception that big data is needed for building machine learning models. The case studies in this book span almost all areas of machine learning and aim to handle such misconceptions. This book not only will cover the theory and case studies related to using ML in trading strategies but also will delve deep into other critical “need-to-know” concepts such as portfolio management, derivatives, fraud detection, corporate credit ratings, robo-advisor development, and chatbot development. It will address real-life problems faced by practitioners and provide scientifically sound solutions supported by code and examples.

The Python codebase for this book on GitHub will be useful and serve as a starting point for industry practitioners working on their projects.

The examples and case studies shown in the book demonstrate techniques that can easily be applied to a wide range of datasets. The futuristic case studies, such as reinforcement learning for trading, building a robo-advisor, and using machine learning for instrument valuation inspire readers to think outside the box and motivate them to make the best of the models and data available.

Who This Book Is For

The format of the book and the list of topics covered make it suitable for professionals working in hedge funds, investment and retail banks, and fintech firms. They may have titles such as data scientist, data engineer, quantitative researcher, machine learning architect, or software engineer. Additionally, the book will be useful for those professionals working in support functions, such as compliance and risk.

Whether a quantitative trader in a hedge fund is looking for ideas in using reinforcement learning for trading cryptocurrency or an investment bank quant is looking for machine learning–based techniques to improve the calibration speed of valuation models, this book will add value. The theory, concepts, and codebase mentioned in the book will be extremely useful at every step of the model development lifecycle, from idea generation to model implementation. Readers can use the shared codebase and test the proposed solutions themselves, allowing for a hands-on reader experience. The readers should have a basic knowledge of statistics, machine learning, and Python.

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O’Reilly

O’Reilly’s mission is to change the world by sharing the knowledge of innovators. For over 40 years, we’ve inspired companies and individuals to do new things (and do them better) by providing the skills and understanding that are necessary for success.

At the heart of our business is a unique network of expert pioneers and practitioners who share their knowledge through the O’Reilly learning platform and our books—which have been heralded for decades as the definitive way to learn the technologies that are shaping the future. So individuals, teams, and organizations learn the tools, best practices, and emerging trends that will transform their industries.

Our customers are hungry to build the innovations that propel the world forward. And we help them do just that.

Publisher‏:‎O’Reilly Media; 1st edition (December 1, 2020)
Language‏:‎English
Paperback‏:‎432 pages
ISBN-10‏:‎1492073059
ISBN-13‏:‎978-1492073055
Item Weight‏:‎1.45 pounds
Dimensions‏:‎7 x 1 x 9.1 inches

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