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Written by Alledia Blog
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Tuesday, 16 September 2008 |
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I try to avoid quoting other people's opinions and articles on this blog, but over the weekend I found a newspaper article about the interaction of search engines and the stock market (http://www.nytimes.com/2008/09/14/weekinreview/14arango.html?partner=rssnyt emc=rss) that was absolutely fascinating. It also seems like an appropriate topic with this week's events on Wall Street.
The article starts by talking about the use of computers in the market:
Automatic stock trading based on algorithms that react to market moves
and conditions have been a feature on Wall Street for years — nearly 50
percent of all trades on the New York Stock Exchange are expected to be
automated by 2010, according to the Aite Group, a Boston-based
consulting firm, up from roughly 30 percent in 2006.
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