A new generation of tools has been improved over the last five years, changing the entire financial world, thanks to the unprecedented levels reached by technology - impossible to conceive some years ago. Velocity, liquidity, price efficiency and systemic risks: the HFT (High-Frequency Trading) era has started.
"Everyone there was a "Quant." No one cared what the underlying company represented by a given stock actually did. Apple or General Motors, CAT or IBM… Everything boiled down to a set of statistical observations that, when assembled into the proper algorithm, delivered a portfolio that beats the market."
I just love the title of that conference: Alpha Generation - Using News Sentiment Data