A financial algo trading bot has been built to trade Trump’s tweets

Trumps tweets have wreaked havoc on financial markets

Some bright spark has decided that there’s money to be made on trading from Donald Trump’s tweets.

Algorithmic bot trading is where programs are designed to automatically read news headlines and stories, and configure trading opportunities from them. In this case a firm has designed a trading algo that scrutinises Trump’s tweets and trades from them.

Since Trump was voted in, he has tweeted about various US companies, in various sectors, and caused their share prices to tumble (Boeing and Airforce one). Lockheed, and the pharmaceutical sector are others. One of the biggest market moves, at the hands of Trump’s tweets and speeches, has been the Mexican Peso, which has been hit with all the wall talk.

The bot has been called the Trump & Dump bot and has been developed by T3. Now, before we all start screaming that Wall St bankers are manipulating markets for huge profits again, T3 will be donating all proceeds to the ASPCA.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s