In case you weren't aware, machines are now reading the news. Actually, a few thousand machines—probably more—may have already read and scanned what you're about to read for any hint of tradable information. Of course, this isn't just limited to blogs or news disseminated on the web, but social media too.
ai-terminator-killing-for-profitLate last year, a company decided to launch "streams of data from Twitter and the securities discussion site StockTwits that are 'normalized' and ready to be fed to computers for analytical processing...designed for use by hedge funds and high-frequency traders."1
Now, you've got to admit, machines scouring the web for tradable information is a bit sci-fi. Are they just collecting information though or buying and selling on it instantly? The answer is both.
No comments:
Post a Comment