Monday, October 29, 2007
Recent market confusion has tested banks 'Algorithmic trading - where computers build multiple trades in fractions of a second - has wheel to make up 30 percent of equity trading volume according to industry analysts AITE group. It is also rising popular in the $3.2 trillion (1.6 trillion pounds) a day foreign exchange market.
"Algorithmic trading works by captivating historical moves to predict what will happen in the future," said Lee Ferridge, senior proprietary trader at Rabobank. "When market moves bear little similarity to what has happened in the past all types of model will thrash about."
Refer : http://uk.reuters.com/article/stocksNews/idUKNOA93468320071029
"Algorithmic trading works by captivating historical moves to predict what will happen in the future," said Lee Ferridge, senior proprietary trader at Rabobank. "When market moves bear little similarity to what has happened in the past all types of model will thrash about."
Refer : http://uk.reuters.com/article/stocksNews/idUKNOA93468320071029
posted by stifxonline
@ 4:35 AM
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