<r>player - you may also find this <URL url="http://www.automatedtrader.net/Glossary.xhtm">http://www.automatedtrader.net/Glossary.xhtm</URL> of use for a definition of volume participation (described under " Percentage of Volume" heading). That page has a load of other definitions for common algo r...

A "traditional" definition for algo trading is at: http://www.automatedtrader.net/Algorithmic_Trading.xhtm

<r>FYI - bracket got tangled up in the link kindly provided by BornToBeTrader. Correct URL is <URL url="http://www.automatedtrader.net/automated-trader-strategies-600.xhtm"><LINK_TEXT text="http://www.automatedtrader.net/automate ... s-600.xhtm">http://www.automatedtrader.net/automated-trader-strate...

<t>Loved TJ's post below - bang on the money (though I have a strong vested interest). Couple of questions:"And once the programming and testing is done you have eliminated key-person risk."...surely only until the key-person exits with the IP? "...trade crowding problems." Bit (a lot) of a tangent ...