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Man Vs. Algo

  • 16-10-2010 10:18pm
    #1
    mono627
    Registered Users, Registered Users 2 Posts: 288 ✭✭


    Have to say I felt very sorry for these lads after this court ruling....surely if you can figure out how an algo works just by reading charts/observing bids and asks then you deserve to take advantage of it. Anyone have any opinions on this?


    I've added it to the interesting videos/articles/presentations thread as well so it doesn't get lost.

    http://www.ft.com/cms/s/0/9a4aa5b8-d7bd-11df-b478-00144feabdc0.html


Comments

  • #2
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    Yeah, read that during the week. I can't say I agree with the courts view. The gamer's got gamed! Happens all the time in more liquid markets. Algo's arise and disappear as they are figured out.


  • #3
    mono627
    Registered Users, Registered Users 2 Posts: 288 ✭✭mono627


    ixus wrote: »
    Yeah, read that during the week. I can't say I agree with the courts view. The gamer's got gamed! Happens all the time in more liquid markets. Algo's arise and disappear as they are figured out.

    You have to feel sorry for them, if you're observant enough and smart enough to figure out market movements you deserve to make a bit of coin. There's a lot of sympathy going their way by the sound of things but I suppose sympathy is no substitute for handing back the profits (and the rest).

    Got me thinking if algo's should only be used intermittently e.g. day on day off/week on week off in case they are figured out.


  • #4
    D-Generate
    Registered Users, Registered Users 2 Posts: 2,945 ✭✭✭D-Generate


    Very harsh ruling considering there are black boxes out there designed with the specific task of finding algos and to exploit these. Then again I wouldn't really consider Oslo to be a trend setter for laissez-faire markets...


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