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:
“The axioms of physics translate the laws of ethics. Thus, “the whole is greater than its part;” “reaction is equal to action;” “the smallest weight may be made to lift the greatest, the difference of weight being compensated by time;” and many the like propositions, which have an ethical as well as physical sense. These propositions have a much more extensive and universal sense when applied to human life, than when confined to technical use.”
—Ralph Waldo Emerson (1803–1882)
“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)