Module 1 Backtesting Backtesting Unit 1 Back-testing trading models with evaluating point forecasts Module 2 Measurement Measurement Unit 1 Executing and monitoring high frequency trading with market aggressiveness selection Unit 2 Market impact costs Unit 3 Maximum number of intraday Sharpe ratio Unit 4 Measuring credit and Counterparty risk Unit 5 Measuring credit and Counterparty risk Unit 6 Measuring Market Risk with Risk Management Unit 7 Information based impact Unit 8 Performance attribution also known as benchmarking Unit 9 Profitability in limit orders Unit 10 Portfolio optimization in the presence of transaction costs Unit 11 Sharpe ratio from Chapter 5 Module 3 Simpler Algo Simpler Algo Unit 1 Simple returns, log return, and average returns Unit 2 Skewness, Kurtosis (fat tail analysis), Volatility is variance of log or simple returns Unit 3 Periodic or simple rate of return