The notion of algorithms has a rich historical background, with the very term "algorithm" originating from the Persian mathematician and scholar Muhammad ibn Musa al-Khwarizmi. He lived during the 9th century in the midst of the Islamic Golden Age. Al-Khwarizmi's contributions, most notably his book "Al-Kitab al-Mukhtasar fi Hisab al-Jabr wal-Muqabala" (The Concise Book on Calculation by Completion and Balancing), played a pivotal role in the advancement of algebra and mathematics. Moreover, it is from his name that the term "algorithms" was coined.
Algorithms are used in automated trading to automatically trade the financial markets based on pre-defined rules.
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