Algorithms take control of Wall Street

Re:Algorithms take control of Wall Street by atuladhar on Sunday January 09, 2011 @10:09PM (#2087274)

Except that I see no indication this is a Wall Street Journal article. The site is Ars Technica; the by-line says "By Felix Salmon (wired.com), Jon Stokes" and the end of the article says "Felix Salmon (felix@felix salmon.com) is a blogger for Reuters."

[ Parent | on HN ]

Re:Algorithms take control of Wall Street by chrisaycock on Sunday January 09, 2011 @10:22PM (#2087304)

I think what @w1ntermute means is that we can expect Ars to screw-up finance stories just as the WSJ screws up tech stories. Kind of an admonition for when journalists choose to venture beyond their expertise.

[ Parent | on HN ]

Re:Algorithms take control of Wall Street by w1ntermute on Sunday January 09, 2011 @11:26PM (#2087467)

Yeah, sorry I didn't make that clearer. I made the comment while this[0] poorly researched/written WSJ tech article was still on my mind.

0: http://news.ycombinator.com/item?id=2086738

[ Parent | on HN ]

Re:Algorithms take control of Wall Street by mediaman on Sunday January 09, 2011 @11:47PM (#2087516)

That's odd; Felix Salmon writes almost exclusively for the financial industry, and used to run his own blog. Reuters hired him for his finance industry audience. It's surprising that he would make elementary errors regarding his industry of primary coverage.

[ Parent | on HN ]

Re:Algorithms take control of Wall Street by ggruschow on Monday January 10, 2011 @04:42AM (#2087978)

It's easy to be wrong when it's so hard to make out what's right. Algorithmic traders are unusually secretive about their modes of operation. The primary knowledge dissemination mechanism is via employees moving.

[ Parent | on HN ]

Re:Algorithms take control of Wall Street by jrockway on Monday January 10, 2011 @07:36AM (#2088261)

Uh, but the Wikipedia article on the topic has the relevant information in this case.

[ Parent | on HN ]