Algorithmic trading, also known as algo trading, automated trading, or black-box trading, is a stock market technological advancement. It is a computer-based procedure that follows a certain set of instructions (an algorithm) for placing trades in order to earn profits at a pace and frequency that human traders cannot match. Algorithmic trading is gaining traction as a valuable tool for financial markets, and it is being embraced in nations such as the United States, India, the United Kingdom, and South Korea. Algorithmic trading's unique attributes of accuracy, remarkable speed, and liquidity are projected to drive significant expansion in the algorithmic trading sector in the near future.
The cloud computing industry is predicted to increase from US$ 58 billion in 2013 to US$ 191 billion by 2020, according to Coherent Market Insights, while the professional cloud services market is expected to grow from US$ 15.36 billion in 2013.
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Source:
https://www.coherentmarketinsights.com/market-insight/algorithmic-trading-market-2476
