How High-Frequency Journalism is like High-Frequency Trading

How high-frequency journalism is like high-frequency trading

How high-frequency journalism is like high-frequency trading

According to Paul Wilson, in two very different industries — the news media and the financial sector — once unfathomable technology is feeding intense competition in ways that have prompted serious soul searching and some very troubling mistakes.

For the world’s financial markets, questions are being asked about high-frequency trading (HFT) where complex algorithms analyze markets and execute orders at incredibly quick speeds, often competing over milliseconds.

For journalism, there is no comparable term — though “high-frequency journalism” might be appropriate. Tools like Twitter have removed built-in, age-old safeguards (notably, time) that many reporters used to double-check information, amping up competition and lowering the bar for verification before publication.

This summer could be a case study in what can now go wrong in both industries…

 

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About yocijourney

God does not play dice
This entry was posted in Business, Events, Finance, High Frequency Trading, high-frequency journalism, Insider Trading, Market Making, World Economy and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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