Re:Ideas to monetize new artifical intelligence
by brent on Wednesday November 14, 2007 @07:05AM
(#79718)
I know there are people who trade algorithmically (I'm one of them). I just wanted evidence of one person who had made billions from it.
Re:Ideas to monetize new artifical intelligence
by ivankirigin on Wednesday November 14, 2007 @10:17AM
(#79747)
You've taken my comment on a personal level in that you think I'm talking about an individual. I would form a company around the idea and target investing.
http://en.wikipedia.org/wiki/Quantitative_analyst
http://en.wikipedia.org/wiki/Algorithmic_Trading_Platforms
http://www.iht.com/articles/2006/11/23/business/trading.php?...
Typically this is not a question of "find the secret strategy and make billions!", but rather finding a good execution algorithm to break an order of $billions down into a series of smaller orders for a good average price, or finding and exploiting minute arbitrage opportunities, etc. Algorithmic trading is responsible for many billions of dollars of trades daily; I don't know offhand of particular people who have become billionaires off it, but there are definitely lots of folks who have made a lot of money.