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Algorithmic trading is actually commonplace: http://en.wikipedia.org/wiki/Quantitative_analyst http://en.wikipedia.org/wiki/Quantitative_analyst http://en.wik
by neilc 19y ago
Algorithmic trading is actually commonplace:
http://en.wikipedia.org/wiki/Quantitative_analyst http://en.wikipedia.org/wiki/Quantitative_analyst
http://en.wikipedia.org/wiki/Algorithmic_Trading_Platforms http://en.wikipedia.org/wiki/Algorithmic_Trading_Platforms
http://www.iht.com/articles/2006/11/23/business/trading.php?page=1 http://www.iht.com/articles/2006/11/23/business/trading.php?...
Typically this is not a question of "find the secret strategy and make billions!", but rather finding a good execution algorithm to break an order of $billions down into a series of smaller orders for a good average price, or finding and exploiting minute arbitrage opportunities, etc. Algorithmic trading is responsible for many billions of dollars of trades daily; I don't know offhand of particular people who have become billionaires off it, but there are definitely lots of folks who have made a lot of money.
- brent 19y agoI know there are people who trade algorithmically (I'm one of them). I just wanted evidence of one person who had made billions from it.
- ivankirigin 19y agoYou've taken my comment on a personal level in that you think I'm talking about an individual. I would form a company around the idea and target investing.
- neilc 19y agoHow about D. E. Shaw? I'm not sure how much he's made, but it's surely quite a lot.