Computers read news, and trade on it quickly

Iria · Jun 26, 2007, 04:27 AM

Source: Reuters
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NEW YORK (Reuters) - It takes a person about 10 minutes to read a 2,500-word, front-page feature story in the Wall Street Journal. Computer programs increasingly being used by investors to parse news stories can process one in about three one-hundredths of a second.

Algorithms -- problem-solving programs based on mathematical formulas -- are making it easier for investors to filter the massive amount of text produced by news wires, newspapers, industry journals, clinical studies, and legal filings for kernels of information, and trade on them in the blink of an eye.

Jun 26, 2007, 04:27 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Computers read news, and trade on it quickly Source: Reuters _______ NEW YORK (Reuters) - It takes a person about 10 minutes to read a 2,500-word, front-page feature story in the Wall Street Journal. Computer programs increasingly being used by investors to parse news stories can process one in about three one-hundredths of a second. Algorithms -- problem-solving programs based on mathematical formulas -- are making it easier for investors to filter the massive amount of text produced by news wires, newspapers, industry journals, clinical studies, and legal filings for kernels of information, and trade on them in the blink of an eye.