Nordea builds algorithms
Kenneth Steengaard, Copenhagen-based head of Nordea's proprietary portal, e-Markets, said the Nordic bank began taking real positions on five models built in-house, on a proprietary basis, on January 1. This followed a development and testing phase that took place during 2007.
The models are based on a series of data sets, including tick data and newswires, and encapsulate the bank's proprietary trading data. This includes customer transactions, and real-time data on the bank's own trades and
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