Something for us all to think about if we ever use automated news in systematic trading or CEP.
Wall Street Journal article here.
“The damage was exacerbated by the growing use on Wall Street of automated programs that trigger stock trades without any human interaction,”
This caused a drop of $1B in the market share of United Airlines.
I wonder if the sentiment engines (like Reuters Sentiment, SemLab, Corpora) would have caught this?
©2008 Marc Adler - All Rights Reserved.
All opinions here are personal, and have no relation to my employer.