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Algo Trading: How algo trading makes it easier to grow & protect wealth in stock market

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The basis of any computer application and its functions is algorithm. With the advent of advanced technologies, almost every sector is basing its effectiveness on this piece of logical coding. Algorithms leverage user data, past patterns and a designated set of prespecified instructions to achieve the set goals. In the financial domain, the rise in demand for reducing transaction cost is fuelling the demand for use of algorithms in everything, from customer service to stock trading.

Algo-trading is the fastest evolving technology with incredible and intelligent functionalities that improve trading performance and speed for market participants. Today, financial institutions such as banks, broking houses and investment funds employ sophisticated algorithms to establish and liquidate positions at breakneck speed. This setup enables such institutions to exploit minor discrepancies in live market conditions, eclipsing what’s possible…

Click here for full article…economictimes.indiatimes.com