Max Dama alerted me to a very good talk by David Leinweber who has been involved with automated trading and the markets for a long time. It’s about an hour long and the first 40 minutes or so are excellent.

In one of his slides he shows this image which I believe sums up the evolution of the trading industry as much as anything.

What I didn’t like about the talk was towards the end of his presentation. David culminates his talk with a discussion of an obviously well chosen example of how you could scour news stories to piece together a case for buying a stock before the market realized the implications of the news and therefore you’d be ahead of a huge surge in the stock.

I think most folks (especially analytical people) would be better off trading technicals than trying to guess how the market will react to a news story. That said, it’s well worth an hour of your time to watch his presentation.

David blogs about his new book, Nerds on Wall Street: Math, Machines and Wired Markets.

Incoming search terms:

• history of automated trading
• automated trading wired
• google automatic trading
• history automated trading on wall street
• history of automated tech

Related posts:

1. Automated Versus Algorithmic Trading – Which is it?
2. Presenting on Automated Trading at Las Vegas Traders’ Expo
3. Reader: Automated Trading – Can It Be That Easy?
4. Los Angeles Traders’ Expo – Scheduled to Give Talk
5. Excellent Video of Brett Steenbarger’s ForexExpo Talk