Thousands of people are carrying out repetitive post-trade tasks at hundreds of firms
By Patrick Thornton-Smith, Chief
Marketing Officer, Duco
I saw a news article recently about how
high frequency trading firms are turning to artificial
intelligence (AI) to improve their trading performance and
profit. Two large companies were mentioned with each having a
slightly different approach.
AI in the front
This May, Nomura Securities are releasing
a new stock trading system, built around analyzing and
assessing vast price and trading data resources. The system
aims to simulate the insights of experienced (human) traders
and make predictions based on historical market conditions and
the correlation to current asset prices.
Nothing particularly new about that, but
the difference is they will be using AI tools to enable the
system to enhance its price prediction ability as it gains more
experience. Just like a mortal but at speeds and data
quantities impossible for the human brain to handle.
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