Technical Design
The technical designs of such systems are not standardized. Conceptually, the design can be divided into logical units:
- The data stream unit (the part of the systems that receives data (e.g. quotes, news) from external sources)
- The decision or strategy unit
- The execution unit
With the wide use of social networks, some systems implement scanning or screening technologies to read posts of users extracting human sentiment and influence the trading strategies.
Read more about this topic: Algorithmic Trading
Famous quotes containing the words technical and/or design:
“I rather think the cinema will die. Look at the energy being exerted to revive it—yesterday it was color, today three dimensions. I don’t give it forty years more. Witness the decline of conversation. Only the Irish have remained incomparable conversationalists, maybe because technical progress has passed them by.”
—Orson Welles (1915–1984)
“If I commit suicide, it will not be to destroy myself but to put myself back together again. Suicide will be for me only one means of violently reconquering myself, of brutally invading my being, of anticipating the unpredictable approaches of God. By suicide, I reintroduce my design in nature, I shall for the first time give things the shape of my will.”
—Antonin Artaud (1896–1948)