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Founded by three Carnegie Mellon University faculty members
Institute of Algorithmic Tradingand Applied Computational Finance

13 specialties, three paths, one ladder

Specialist tracks

Quantitative finance, one specialty at a time. Each track covers one specialty of the trade, with courses at each level and a credential program at the top. Three study paths run across the tracks: one for practitioners who build systems, one for researchers who derive models, and one for traders who never write code.

The study ladder

Every course sits on one rung. Each rung assumes the one below it.

  1. OpenFree primers. Read, watch and work the exercises before you spend anything.
  2. FoundationThe mathematics, statistics, data and market knowledge every later course assumes.
  3. PractitionerLab-based courses. You build, test and cost real strategies and systems on market data.
  4. ResearcherProof-level courses. Stochastic models, estimation theory and the literature behind each method.
  5. Credential programMulti-course programs, most ending in an assessed capstone, that lead to a named Institute credential.

Practitioner path

For engineers, traders and analysts who need working systems: labs, code reviews and assessed projects.

How the practitioner path runs

Researcher path

For quantitative researchers and graduate students: derivations, estimation and a written research capstone.

How the researcher path runs

Trader path

For discretionary, manual and prop traders, and for anyone starting from nothing: three certificates of trading, risk and evidence, with no programming at any point.

How the trader path runs