Coming to a 99%er near you, an algorithm from some unknown entity writes the news, then disseminates it to clients which in turn are front run by the algorithms on the servers co-located at the For-Profit exchanges. Next up, algo created music based off of sentiment discovered daily through algo induced twitter searches and posts. Pretty soon, teachers will be algo's, judges will be algo's, and I'd say kids would be algo's but I think Ritalin all ready achieved that robot state. Seriously though, now the journalists might see the threat automation can play and they may have a clear understanding how algo written news can be damaging. Perhaps the journalists will have a better understand now of where us financial guys are coming from.
Saturday, April 28, 2012
Tuesday, April 24, 2012
JNPR Trips Circuit Breaker While Executing One Of The More Orderly Trade Matching Processes We've Seen
At 15:18:00 EST Juniper Networks spikes from $19.73. At 15:22 the news hit ToS stations that Juniper beat revenue expectations. The computers drove it up nearly 10% and as the news started to hit regarding the heavy price swing and major volume, a feed back loop was created. From 15:36 to 15:48 nothing happened as the stock was halted At 15:46 an algo sequence drove JNPR down 5% once trading resumed. A slew of Nanex charts awaits you at the end of this post.
Monday, April 23, 2012
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