Modern trading is all about automation - harnessing the data available and leveraging it in a way that allows us to automate a lot of the decisions traders have to make. By creating automation systems that instantly react to a change, trading departments will be afforded increased time to invest in accessing data from non-traditional sources and translate that into offerings.


Social media and the opening of the US market has changed the way people understand sports betting. Understanding and translating the data you can collect from social media sources into tangible trading actions is already an established practice for most trading rooms. In a sense, trading rooms will be more outgoing than they used to be – absorbing the latest data, such as a late change in a team’s line-up, and quickly translating it into new offerings.


Modern trading is all about automation - harnessing the data available and leveraging it in a way that allows us to automate a lot of the decisions traders have to make. By creating automation systems that instantly react to a change, trading departments will be afforded increased time to invest in accessing data from non-traditional sources and translate that into offerings.


In terms of the traders themselves, we must keep in mind that they are highly skilled people, capable of rapidly consuming large chunks of data and transforming them into decisions. Te modern-day trader reads through five or six screens at a time and can make quick decisions


based on the data they consume.


Te way their skillset must adapt over time is towards product management and agile methodology understanding, which will be a differentiating factor when separating the good traders from the best.


Te ability to understand the market’s heartbeat and translate social media inputs into trading actionable items is another important skill to have. Product management skills will be essential for very good future traders: they will be the ones able to quickly react to news, data, and immediately translate that into either a product or different odds.


NEWSWIRE / INTERACTIVE / MARKET DATA P137


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