The redundant trader

News service providers have developed tools that electronically analyse and tag news stories, then redistribute them to algorithmic trading houses, which trade off the news - all in milliseconds and long before human traders can react to the latest information. What are the implications for trading and risk management? Clive Davidson reports


For certain types of trader, a critical skill is being able to very rapidly read, interpret and act on news. As more and more trading is handed over to algorithms, the question arises as to how well machines can mimic this talent. The same goes for risk management, where the drive is towards intra-day risk analysis and the need for alerts and rapid responses to news events.

Recognising that machines are playing an ever greater role in the markets and the risk management of portfolios, news

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