Thursday, September 16, 2010

Man Vs. Machine: The New Kings Of Wall Street

It takes more than a machine and mathematical algorithms to create vision of the future. This is the difference between knowledge and wisdom. Markets are moved by the invisible hand of capital as described by Adam Smith's Wealth of Nations well before the advent of high frequency trading.

The rapid-fire growth of high-frequency trading, HFT, has spawned a new breed of market mavens whose backgrounds are far different than the traditional suit-clad Wall Street titans.

Source: finance.yahoo.com

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