Make Way for News-Flow Algorithms
FRONT PAGE: CYBER-TRADING TECHNOLOGIES
LONDON—When academic David Cliff—formerly of Hewlett-Packard (HP) and Deutsche Bank, who now heads his own technology company, Syritta, based in south England—says that the next generation of algorithms is due this summer, ears perk up.
"All the big sell-side firms have basic algorithms like VWAP for the shop window," Cliff says. But the technology that will drive algorithms forward is already under construction. "The big firms are working on stealth bombers in the back," Cliff says. "These are
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