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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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From: TFF7/10/2009 4:30:14 PM
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Algo traders take $21bn in annual profits
Tom Fairless
10 Jul 2009
A small proportion of US trading firms are using computer-driven strategies to control three-quarters of equity trades and generate $21bn (€15bn) in annual profits, according to a new report, which puts a figure on algorithmic activities for the first time and highlights the significance of this week's alleged theft of code from Goldman Sachs.
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