2010/12/30

"The number-crunchers on Wall Street are starting to crunch something else: the news." from South China Morning Post

"The development goes far beyond standard digital fare like most-read and e-mailed lists. In some cases, the computers are actually parsing writers' words, and sentence structure."

"But industry experts say the programs are also moving the markets. Last May, as Greece's financial crisis deepened, Wall Street computers seized on a news story with the word "abyss" in the headline and initiated sell orders."

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