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Algorithmic Investors on Wallstreet

Posted by ryuzaki0 on from the all-your-soy-futures-are-belong-to-us dept.

eldavojohn writes "Recently, setting up prediction markets that people play was the big thing to guess the future. But is there a chance that computers will replace investors? From the article: 'Quantitative investment managers use a model to identify sets of characteristics for their investments. Computing power is now relatively cheap. Obviously, computing power can access data almost instantaneously and simultaneously. Asset classes and financial instruments within those asset classes can then be screened and investments are selected. They reflect the manager's views.'"

4 of 249 comments (clear)

  1. But will it run on Windows? by Nevtje(hr · · Score: 2, Funny

    ...cos I can already see the first search result output in front of me: "double the stockkiller delete select all"

    Would be interesting to see how an advisor would interpret -that- ;)

    --
    Three rings for the Elven-kings in the sky
  2. Re:Not illegal by nelsonal · · Score: 1, Funny

    Kids these days...

    --
    Degaussing scares the bad magnetism out of the monitor and fills it with good karma.
  3. Re:Cradle to Grave...instantly by Patrik_AKA_RedX · · Score: 2, Funny

    It already is. I've got your printout and it's kinda funny with some unpleasant details (You wouldn't believe to what detail they can predict things). Oh, and look out next monday, you better don't... well, I suppose I better not change your future as it upsets the administrator, but I suppose I could let you know not to wear something white, or anything that would be ruined by blood stains. Don't worry, you'll live. Kinda.
    But don't feel upset now. The 12-year recovery afterwarts is worth it, the artifical leg is really cool, not to mention how handy your new robo-arm is going to be in the earthquake right after the tornado blew apart your new house. Luckily for you, you will be outside trying to reach the police station to report your car being stolen.

  4. Re:Price, Pattern, and Profit by Anonymous Coward · · Score: 1, Funny

    As I get ready to apply to Finance PhD programs, I often think about how great the job of an EMH advocate is. Basically, your job is to conduct research on asset prices that proves that no matter how much research on asset prices you conduct, you can't know anything. Once someone figures writes a script to automatically write papers about it, it will be the greatest job ever.