Program Trading And Investment Strategy Analysis

Program Trading was born in the United States since1975years since, has taken more than30years of development, its appearance is the way to trade securities market innovation, the development of domestic and foreign securities market is of great significance. In a foreign country, the theory and industry to program trading has more systematic theoretical research and practical experience. At home, with the emergence of stock index futures, program trading also gradually thorough popular feeling.At present, the domestic program trading system start later, in the application of futures more not high degree. Program trading in theory research fields, trading software development and research, the trading system application results lack etc. Along with the market risk, the price has frequent fluctuations, capital scale expanding, whether from a regulatory or investors view Angle, how to prevent the risks of program trading is a primary issue. But, as our country the degree of marketization and raise level of opening up, new investment ideas and financing ideas constantly introduce, bottom program trading development and application platform has developed more perfect. China’s financial futures exchange of stock-index futures2years, large volume, good fluidity and program trading has the good development space.Was the core is to program trading discussion and research, and expounds the concept of program trading, the domestic and foreign development course, advantages and disadvantages, risk control, and with the stock index futures as the key point, introduced in the futures market development and current situation of the last based on our country program trading status, show based on Trade Blazer (trading Portland trail blazers) software platform for the program trading specific applications and investment strategy analysis. And the traditional way of transaction relies mainly on investment manager experience and manual than order, program trading using the computer technology have transaction strategy, the execution trading decision, showed the superiority of the unprecedented.In this paper a new topic selection, turn to practice and application, to the understanding of the program trading and correctly apply a theoretical significance.