News flash: Trades tied to events (by computer) - Technology & Media - International Herald Tribune: "The database allows traders to analyze how a company's stock performed after those announcements and to look at the price and volume of shares traded.
Investors would program their computers to buy or sell stock automatically based on historical patterns.
John Bates, who developed algorithmic trading software for his company Apama Products, a division of Progress Software, said that as trading technology improves, investors not using the latest software could put their business at risk."
Tuesday, December 12, 2006
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