Conversing with the Oracles of The Daily Delphi
|Mar 26th, 2012 | Filed under: Algorithmic and high-frequency trading, Today's Post | By: kfox||
How valuable is it to a trader to know what other experienced traders around the globe believe the settlement prices will be for that same day–before the market opens?
According to a 20-year veteran trader, a pioneering investment industry executive and one of the foremost authorities on prediction markets and collective intelligence–information sitting at the intersection of the markets and the media–could be the new edge.
Much has been made recently over how hedge funds and other traders get their information.
The Internet has forever changed how we get our information and while some may say it leveled the playing field, it also dulled the edge for traders. This hasn’t stopped the alternative investment industry where change always means opportunity and disruptive technology is generally embraced. Witness the advent of the Twitter Fund and others who specialize in gleaning and distilling information faster and better in order to find the alpha edge.
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