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How about the opposite: I assume high frequency traders use algos to interpret whether news stories are good are bad for stocks and trade accordingly
by redwood 15y ago
How about the opposite: I assume high frequency traders use algos to interpret whether news stories are good are bad for stocks and trade accordingly
- scarmig 15y agoPeople do use news stories, blog posts, Twitter, pretty much anything to algorithmically generate profits. But that's not really the domain of HFT.
- nitid_name 15y agoAre you certain about that? I thought the whole point of HFT was to use small shreds of information to play the liquidity gap between sell and buy orders.
- scarmig 15y agoSomeone should confirm this, but my understanding is that HFT typically monitors events on the stocks themselves to drive actions. I also believe that HFT is something that happens with response times on the scale of microseconds, which obviously scraping CNN.com for content isn't suited for.