Thursday, May 3, 2007

HAL 9000-Style Machines, Once Kubrick's Dream, Outwit Human Stock-Pickers

(Bloomberg) -- Way up in a New York skyscraper, inside the headquarters of Lehman Brothers Holdings Inc., Michael Kearns is trying to teach a computer to do something other machines can't: think like a Wall Street trader.

In his cubicle overlooking the trading floor, Kearns, 44, consults with Lehman Brothers traders as Ph.D.s tap away at secret software. The programs they're writing are designed to sift through billions of trades and spot subtle patterns in world markets.


Read more at Bloomberg Exclusive News

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