Buying on Rumour and Selling on Fact: Twitter News Comes to Algo FX
Twitter, the social networking site, is fast catching on as a
source of news for FX traders and other market participants, who
can now feed 'tweets' into their algorithms in real-time to assist
in making trading decisions. Roger Aitken explores.
Twitter would appear well and truly ensconced in the world of FX
algorithms, with traders deploying and using software developed
by US-based technology StreamBase Systems (StreamBase) to monitor
'tweets' for price sensitive information. While the adoption of
Twitter in a social context has been fairly profound globally,
within days of the firm unfurling a seemingly innocuous
communiqué on their development this June, a fevered
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