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Quantitative Finance · Glossary

What is Parameter change control?

Definition 28.1 Market Making and High-Frequency Trading · Chapter 28 — P&L Analytics and the Strategy Lifecycle

Parameter change control is the discipline of treating every change to a live strategy’s parameters as a recorded, reviewed and reversible experiment: who changed what, when and why, with the change applied to a randomised part of the strategy’s activity until its effect is measured.

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