Brexit Wreaking Havoc On The Algos

Perhaps, the Brexit insanity can best be encapsulated by a recent Reuters article, which reports that computers designed to trade on Brexit-related news have been flummoxed by the barrage of recent headlines that at times appear to be contradictory.The Reuters piece says that a portion of the roughly $5 trillion-a-day global currency that has been controlled by computers, which are modeled to watch for key words from media sites about the U.K.’s divorce from the EU and trade off of that information, are being whipsawed by thousands of daily headlines on the subject from the likes of Bloomberg, Reuters and

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