Imported from previous forum
An article about Algorithmic Trading
Supercomputers pitted against one another in a high-stakes battle of attack and counterattack over a global network where predatory algorithms trawl the information stream, competing every millisecond to gain an informational advantage over rivals. It sounds like Hollywood fiction, but it’s just an average trading day on the stock market.
Published: September 30, 2009 in Knowledge@Wharton
It sounds like science fiction – something from I, Robot or The Terminator, where the machines take over. But totally automated “high-frequency trading” is part of the stock market right now – a big part.
http://knowledge.wharton.upenn.edu/article.cfm?articleid=2345