The Father of Algo Trading

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The Father of Algo Trading


The Pioneer of Algorithmic Trading



The father of algorithmic trading is Richard Donchain. In 1949, he introduced the first rule based trading system, which became the foundation for modern algorithmic trading.

 





Jim Simons was the one who gave a major boost to high frequency trading (HFT). He founded Renaissance Technologies,a hedge fund that used fully quantitative models to trade in the market at a massive scale.

 

His firm revolutionized algorithmic trading by relying entirely on mathematical and statistical models, eliminating human emotions from trading decisions.



.Before founding Interactive Brokers,Thomas Peterffy had in 1987, created the first fully automated algorithmic trading system.

 His was a game changer in the trading industry, as it significantly improved speed, efficiency, and accuracy in execute.







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