No News Is Good News?
On Wall Street, when there's a big public push on new technology, followed by silence, there are two possibilities: Either the technology didn't work and the industry has moved on to the next thing or it works and no firm wants to give away competitive advantage by talking about it.
This week we have a prime example of this in newsflow algorithms. In our special report on algorithmic trading (see page s1), many major investment banks claim that the technology is not yet fully baked and that they
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