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Desperate HFT Algos To Scour Twitter For Momo Feedback

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 17 Nov 11 8:16 PM | 44 view(s)
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Submitted by Tyler Durden on 11/17/2011 - 11:30 Capital Markets Cohen Momo New Normal Steve Cohen Trading Systems Twitter

In yet another example of just what a farce our market has become, it appears that HFT algos, no longer able to freely frontrun the market courtesy of counter HFT-measures offered by major banks and an SEC which has started sniffing around illegal HFT activity, have stooped to the second-lowest rung in the ladder: scouring through momo trader tweets on Twitter, particularly those from the StockTwits network and somehow converting that into actionable "intelligence."
Comments: 15
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http://www.zerohedge.com/news/desperate-hft-algos-scour-twitter-momo-feedback

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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