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All the News that's Fit to Trade

Published in Automated Trader Magazine Issue 08 Q1 2008

News has been moving financial markets since before Julius Reuter released his first pigeon. Chris Hall asks whether machine-readable news will give traders an edge.

"Each new economic data release is like the start of a new ball game," says Paul Smilgius, founder and head trader at Sargis, a Chicago-based futures trading firm. "Because it's potentially the biggest market-moving event of the day, there's a lot of anticipation." To help ensure that Sargis makes the right call early in the game, Smilgius relies on a machine-readable economic news feed.

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