Aite: Spend to Rise on 'Unstructured' Data for Algos

Aite estimates that fewer than 200 trading firms, accounting for two percent of algorithmic trading, currently use unstructured data-comprising news stories, regulatory filings and economic indicators or other content from the Internet-directly in algorithmic trading strategies.

According to the report, this predicted growth will be driven by increasing use of algorithmic strategies for futures trading, greater globalization of financial markets that force traders to seek out new sources of d