Kalmanbot: Kalmannet-Aided Bollinger Bands for Pairs Trading

Haoran Deng, Guy Revach, Hai Morgenstern, Nir Shlezinger

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

Pairs trading is a family of trading policies based on monitoring the relationships between pairs of assets. A common pairs trading approach relies on state space (SS) modeling, from which financial indicators can be obtained with low complexity and latency using a Kalman filter (KF), and processed using classic policies such as Bollinger bands (BB). However, such SS models are inherently approximated and mismatched, often degrading the revenue. In this work we propose KalmanNet Bollinger Trading (KalmanBOT), a dataaided policy that preserves the advantages of KF-aided BB policies while leveraging data to overcome the approximated nature of the SS model. We adopt the recent KalmanNet architecture, and approximate BB with a differentiable mapping, converting the policy into a trainable model. We empirically demonstrate that KalmanBOT yields improved rewards compared with model-based and data-driven benchmarks.

Original languageEnglish
Title of host publicationICASSP 2023 - 2023 IEEE International Conference on Acoustics, Speech and Signal Processing, Proceedings
PublisherInstitute of Electrical and Electronics Engineers
ISBN (Electronic)9781728163277
DOIs
StatePublished - 1 Jan 2023
Event48th IEEE International Conference on Acoustics, Speech and Signal Processing, ICASSP 2023 - Rhodes Island, Greece
Duration: 4 Jun 202310 Jun 2023

Publication series

NameICASSP, IEEE International Conference on Acoustics, Speech and Signal Processing - Proceedings
Volume2023-June
ISSN (Print)1520-6149

Conference

Conference48th IEEE International Conference on Acoustics, Speech and Signal Processing, ICASSP 2023
Country/TerritoryGreece
CityRhodes Island
Period4/06/2310/06/23

Keywords

  • Kalman filter
  • KalmanNet
  • Pairs trading

ASJC Scopus subject areas

  • Software
  • Signal Processing
  • Electrical and Electronic Engineering

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