Computers That Trade on the News
Published on 1/3/2011
I missed this one around Christmas time…must have been the drive up to Prince George.
In the NY Times:
... viewsThe number-crunchers on Wall Street are starting to crunch something else: the news.
Math-loving traders are using powerful computers to speed-read news reports, editorials, company Web sites, blog posts and even Twitter messages — and then letting the machines decide what it all means for the markets.