Restoring Profits and Confidence with Big Data
Citi announced upgrades for its equity options algorithms in the U.S. last week, letting traders choose how forcefully to seek liquidity. Aggressive settings incline the algorithm to cross the spread during a trade, while milder settings tend toward mid-market orders and cross the spread less often.
Other market participants are looking to gain their advantage through high-frequency trading (HFT) technologies. Some of these firms are seeking new trading opportunities via Big Data and complex event processing (CEP) technologies, alongside data analytics engines.
Part of the trick exploiting Big Data is to adopt solutions that provide insight without losing speed. The rest of the trick is to adopt those solutions without going broke. That not only keeps firms in business, it avoids another scandal that could further spoil the industry’s reputation…
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