Answers
What Is an Algorithm?
An algorithm is a set of instructions for solving a problem or accomplishing a task. One common example of an algorithm is a recipe, which consists of specific instructions for preparing a dish or meal. Every computerized device uses algorithms to perform its functions.
Understanding Algorithm
Financial companies use algorithms in areas such as loan pricing, stock trading, asset-liability management, and many automated functions. For example, algorithmic trading, known as algo trading, is used for deciding the timing, pricing, and quantity of stock orders. Also referred to as automated trading or black-box trading, algo trading uses computer programs to buy or sell securities at a pace not possible for humans.
Explanation:
What Is an Algorithm?
An algorithm is a set of instructions for solving a problem or accomplishing a task. One common example of an algorithm is a recipe, which consists of specific instructions for preparing a dish or meal. Every computerized device uses algorithms to perform its functions.
Understanding Algorithm
Financial companies use algorithms in areas such as loan pricing, stock trading, asset-liability management, and many automated functions. For example, algorithmic trading, known as algo trading, is used for deciding the timing, pricing, and quantity of stock orders. Also referred to as automated trading or black-box trading, algo trading uses computer programs to buy or sell securities at a pace not possible for humans.
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