Wall Street Fights Stock Machines With Trend-Chasing on Steroids
- SocGen’s product bets on intraday trends with S&P 500 futures
- Strategy surfs late-session waves from quants, index-trackers
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Wall Street is fighting the robot revolution by chasing the billions of dollars of stocks bought and sold on autopilot in the dying minutes of every trading day.
UBS Group AG and Societe Generale SA are among institutional managers exploiting wild markets near the closing bell as programmatic players -- quants, ETFs and index trackers -- execute orders en masse. They’re offering newfangled trend-following strategies to big-money investors that work over the course of hours and minutes, rather than the traditional timeframe of months and weeks.