Reuters offered insight into how machine-driven trading systems in the $5.1 trillion-a-day global currency market are struggling to cope with the blizzard of headlines about Britain’s efforts to extricate itself from the EU, making it more expensive and risky to bet for or against sterling. As a divided government battles a divided parliament over a way forward, the chorus of characters who can now influence events has grown, flummoxing news-reading algorithms, or ‘algos’, which are designed to parse phrases from recognized speakers before executing a trade.
Reuters offers insight into how Brexit headline blizzard is overloading FX algos
04 April 2019, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe / Middle East / Africa
More of Reuters Best
Reuters exclusively reports Indian sugar mills to close early as rain hits cane supply; sugar futures jump; shares fall
January 29, 2023
Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24
January 27, 2023