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Welcome to the Wonderful World of Algos

    • WatersTechnology Staff

The financial technology industry would be better off if it ignored the if-you-build-it-they-will-come philosophy espoused by the 1989 homage to baseball, Field of Dreams. It might have made good things happen for Kevin Costner's character and his family in the film, but doesn't work so well for new ventures that hit Wall Street or the City.

However, the New York Board of Trade (Nybot) did not leave things to blind faith when it came to algorithmic trading on its recently debuted all-electronic

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