To a new breed of AI programs trading securities automatically, tracking the latest news headlines could be a means of making a huge sum of money. Hedge funds and investment bank trading desks are pouring unprecedented sums into such technology to find faster and more inventive ways to outsmart their rivals.
News has always affected market prices. And there already are software programs that track headlines and alert traders if certain market-sensitive terms frequently appear. "Hurricane" could signal a shift to sell insurance stocks. "Drought" could affect wheat prices.
Computers Reading the Markets
| No Comments
Add this link to... |
Category: news article from http://www.latimes.com
Comments