Communion Of Dreams

Another step…

So, it seems that we’re taking another step into the development of the types of “experts” (expert systems) that I envision for Communion: today Reuters news service is launching an automated stock-trading algorythm which will scan news articles and make stock purchasing decisions for clients. From Yahoo! Finance:

Reuters Group PLC plans to launch a computer program today aimed at hedge fund and bank trading desk clients that are already Reuters subscribers. The program is unique in that it scans news articles, originally just from Reuters’s own news service but eventually from other news services too, and measures whether companies are getting positive or negative news coverage. The program will then trigger stock trades based on the algorithmic computations it makes. In addition to tracking individual company names, the program can track entire industries or exchanges, ideal for ETF plays.

Is this Seth’s great-great-whatever- grandpappy?

Jim Downey

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