Reuters to deliver algorithmic news
NEWS
NewsScope Real-Time provides data to feed into automated trading models, while NewsScope Archive enables clients to back-test trading models to assess their efficacy.
Firms that use algorithmic trading said that the products' success would depend in part on their speed. Richard Gorelick, chief operating officer of Texas-based algorithmic trading firm RGM Advisors, said: "Big news events are integrated very quickly into the FX markets, so it will be interesting to see how fast they can tag news
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