''A Monte Carlo simulation is literally a computerized mathematical technique that creates hypothetical outcomes for use in quantitative analysis and decision-making. The technique is used by professionals in disparate fields such as finance, project management, energy, manufacturing, engineering, research and development, insurance, oil and gas, transportation, and the environment.''

http://abovethelaw.com/2016/09/algorithmic-trading-is-changing-markets/?rf=1

http://abovethelaw.com/2016/09/algorithmic-trading-is-changing-markets/?rf=1

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