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 best work of artists in any age is the work of innocence liberated by technical knowledge. The laboratory experiments that led to the theory of pure color equipped the impressionists to paint nature as if it had only just been created.”
—Nancy Hale (b. 1908)
“A good scientist is a person with original ideas. A good engineer is a person who makes a design that works with as few original ideas as possible. There are no prima donnas in engineering.”
—Freeman Dyson (b. 1923)