Next-Generation Algos

SPECIAL REPORT: NEXT-GENERATION ALGOS

Traders with a sharpshooter's eye for alpha are looking to beat the competition using the latest and greatest formulas-from customizable and forward-looking algos to those that can interpret the news. Consultancy Aite Group estimates that more than 50 percent of trades will be executed via algorithms by 2010, and in this pursuit, investment firms are pouring more research dollars into algorithmic trading. A back room full of mathematicians churning out formulas is no longer the sole recipe for

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