Tudor Investment Corp Employs Groundbreaking ‘Email’ Technology To Monitor Trump Tweets

Paul Tudor Jones is at the bleeding edge of electronic mail.
Author:
Updated:
Original:

It's a new age on Wall Street. The president's spontaneous outbursts and mondo policy proposals have provided markets with promising profit opportunities, and hedge funds have rushed in to capture them. So it's no surprise to see hedge fund O.G. Paul Tudor Jones leading the pack with a highly sophisticated system that responds to Trump tweets in a way we can't imagine many other sizable hedge funds seizing upon: email alerts. According to the WSJ:

trump-tweet1

One of the world’s foremost macroeconomic traders, [Jones] is shying away from trading some currencies, including the Mexican peso, in part on the belief that Mr. Trump’s unpredictability may lead to severe market swings, according to people close to the firm. Tudor has set up email alerts to instantly blast its traders when Mr. Trump writes on the social networking website Twitter, the people said.

This is the same Paul Tudor Jones who just last year responded to disappointing returns at Tudor Investment Corp. by beefing up his team's quantitative arsenal with a bevy of highly credentialed scientists and mathematicians. It must have been surprising for them to end up programming an email blast tied to the president's Twitter account.

Tudor isn't the first to rig up such a system. The Bloomberg terminal has it. And recall the app that recently announced the so-called Trump Trigger, a feature that buzzes traders when a stock they own winds up being the subject of a Trump tweet. Neat as it is, of course, the app is functionally useless. There's no stable pattern of returns following Trump's tweets, either in the short or medium term. The best a trader can do is hand some money over to an algo.

One would hope that these email blasts aren't a central component of Tudor's investment strategy in the Trump age, but rather the kind of novelty that comes amidst handy in sales pitches to doddering old investors easily wowed by anything tech-sounding. Though there's also another potential motivation (and a sensible one): keeping traders off Twitter.

Related

Mmm...sunscreen. (Getty Images)

Layoffs Watch '16: Tudor Investment Corp.

Paul Tudor Jones has asked a number of employees to clean out their desks.

trump-tweet1

Investing In 2017 Means Getting Mobile Notifications When Trump Tweets About Your Stocks

And it's your duty as an American investor in 2017 to blindly trade on that information, damn the consequences.

paul-tudor-jones-terminator

Paul Tudor Jones Now Throwing His Money At Anything With The Letters 'A' And 'I' In It

Current Tudor Investment Corp artificial intelligence staff not included.

paul-tudor-jones-terminator

Paul Tudor Jones Quant Goes Where He’ll Never Have To Set Up Another E-Mail Blast

Tudor Investment Corp.’s quantitative revolution is not going very well.

trump-tweet1

Time To Call The Top On Trump-Tweet Bots

When an advertising agency's publicity stunt crowds your trade, it's time to pick a new one.

paul-tudor-jones-hamilton

Of Course Paul Tudor Jones Bought Into The ‘Hamilton’ Ponzi Scheme

A story that was already the perfect encapsulation of contemporary New York now just way too good to be true.

HarveyWeinstein.PaulTudorJones

Paul Tudor Jones Inexplicably Wrote An Email To Ensure That History Will Remember Him As Harvey Weinstein's Most Ardent Enabler

PTJ told Harvey that this was all going to pass quickly, which explains Tudor's recent Macro Fund performance.

yellen-twitter-trump

Trading On Trump's Fed Tweets: Our New Reality

What happens to markets when Donald Trump tweets about the Fed?