Algos: Over-Hyped but Growing
SPECIAL REPORT: DWT YEAR IN REVIEW
NEW YORK—Since the launch of algorithmic trading the prediction that trading algorithms would eventually eliminate the human traders has been bandied about the industry and the press, and 2006 was no different.
In October, IBM released a white paper estimating that nine out of 10 traders in the City of London would be out of a job by 2015. The research cited a Goldman Sachs prediction that within 12 months, 60 percent of the deals struck on the London markets would be generated from black-box
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