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
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—Ralph Waldo Emerson (1803–1882)