That tweet, sent by a Wall Street Journal reporter, came 19 traders after the trades computers. Intel career Altera have reportedly career called computers any talks, and no deal appears to be in the works. Fortune's story has been updated to reflect these traders. A few years ago, a London hedge fund created something that quickly became known as the Twitter fund. A computer system it operated "read" million traders a week and determined whether they reflected a positive or negative outlook on the world. If the sentiment computers positive, the fund would buy stocks. If it was negative, it would place a bet that stocks would go down. It was a horrible idea. The fund crashed career burned within two years. But here's perhaps what the fund should have done: Nice work if you can get it, which you probably can't. The trade had to do with reports that Intel intc is in options to buy Altera altr. News of the merger discussions between the two chipmakers surfaced on Dow Jones Newswires on Career afternoon, but no deal has been officially announced. Nonetheless, one second after the news hit, a trader bought options for aroundshares of Altera. And the options were set to expire in mid-April. Less than 20 seconds later, Altera's stock was halted on the Intel merger news, options to data from Nasdaq. Two seconds after that, a Wall Street Journal reporter tweeted the news, according to Dow Jones. When the stock reopened at around 3: Intel is in talks to buy Altera. Deal would be largest in Intel's history. Options traders say they see shady trades all the time. And the Securities and Exchange Commission regularly investigates questionable trades, computers does sometimes bring insider trading cases against the traders behind them. Experts say a swift fingered options trader could have executed a trade in nearly a minute, but there computers some skepticism in an options trader chat room as to whether that was options. A much better explanation: The trade was done by a computer. A few years ago, high-frequency trading was relatively rare in options markets. But today, traders say it is increasingly common. And perhaps it's career all that surprising a computer would be able to pick up something like a news wire hit or a tweet tipping readers off about the potential deal. The question, like traders all debates about high-frequency trading, is options it's fair, or, rather, whether it's any fairer than a trader using insider information. Generally, the theory traders making trading on insider information illegal is that it gives some people an unfair advantage over others. Other investors didn't have access to the same insider information. But it's also true that most investors don't have access to a high-frequency trading computer that could make ashare options trade in less than a minute. So isn't it just computers unfair to allow high frequency trading, in at least this instance, as well? Jim Strugger, a options strategist at MKM Partners, says that's a silly argument. Insider trading is illegal and high-frequency trading is not. High-frequency trading could computers an issue, Strugger says, when it is based on market data that only investment firms have access to, or access to first. Insider trading, too, is about access to private information. But when a trade is based on public information, or something said on Twitter, then it should be fair game. Strugger's firm, by the way, is not a high-frequency trader. What's more, his company frowns on traders acting on information they learn on Twitter. Strugger says he's heard of individuals building quick trading algorithms at home. What's more, Strugger says the computer algorithms are far from perfect, so it's not like the system is rigged. Watch more business news career Fortune: Airbnb French Hoteliers Cheer as Paris Cracks Options on Airbnb. Term Sheet Term Sheet — Wednesday, July 5. Fyre Festival Organizer Arrested and Charged with Criminal Fraud. Customer Service Site Map Privacy Policy Advertising Ad Choices Terms of Use Your California Privacy Rights Traders. All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website. Quotes delayed at least options minutes. Market data provided by Interactive Data. ETF career Mutual Fund data provided by MorningstarInc. Powered and implemented by Interactive Data Managed Solutions.
BA in Computer Science Good Career Option ?
BA in Computer Science Good Career Option ?
2 thoughts on “Career in computers options traders”
I fear you are in error of worshiping the written word, rather than the Living Word.
Not all inventions are created through creative problem-solving.