London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on Donald Trump social media comments. Watching the U.S. President-elect's personal Twitter feed has become a regular pastime for the fund managers and traders.
Trump knocked several billion off the value of pharmaceutical stocks a week ago by saying they were "getting away with murder" with their prices. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin (LMT.N) and Boeing (BA.N) spiraling lower.
(Score: 0) by Anonymous Coward on Sunday January 22 2017, @09:45PM
Remember when all the action in the stock market used to happen on floor of the exchanges?
That's gone now. Its all electronic which led to high frequency trading and abuses like front-running.
Here's an idea - lets bring back trading floors. But instead of people, lets populate them with Alexas, Siris, etc and have them talk to each other to complete a trade.
Imagine an exchange floor populated with thousands and thousands of those black amazon alexa canisters with flashing pastel lights on top all jibber-jabbering back and forth without a human in sight.
(Score: 2) by takyon on Sunday January 22 2017, @10:19PM
oblig [twitch.tv]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by Phoenix666 on Monday January 23 2017, @12:41PM
Actually there are those who say the real action is in private equity, as in, companies that aren't publicly listed. Private equity doesn't incur anywhere near the level of regulation or scrutiny that publicly listed companies do.
Washington DC delenda est.