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:
“When you see something that is technically sweet, you go ahead and do it and you argue about what to do about it only after you have had your technical success. That is the way it was with the atomic bomb.”
—J. Robert Oppenheimer (1904–1967)
“We find that Good and Evil happen alike to all Men on this Side of the Grave; and as the principle Design of Tragedy is to raise Commiseration and Terror in the Minds of the Audience, we shall defeat this great End, if we always make Virtue and Innocence happy and successful.”
—Joseph Addison (1672–1719)