Algorithmic trading provides a more systematic approach to active trading than one based on intuition or instinct. Here’s how it works.

Algorithmic trading ispurchasing or selling stocks and other investment assets via an automated electronic order. In other words, software can be programmed with instructions to buy or sell an asset.

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While algorithm and computer-based trading were hardly revolutionary, Simons perfected the art with Medallion thanks to the vast swaths of data his firm could digest.