Automation has often been hailed the future of the workplace, with new studies indicating that by the end of 2020 over 1 million knowledge-work jobs will be replaced by software robotics, RPA, virtual agents and chatbots, and machine-learning-based decision management. Many are also of the opinion that automation is the future of recruitment, the automotive industry, as well as the agriculture, manufacturing, healthcare and finance industries. With respect to the finance industry, automation is already having an enormous impact on the way investors invest, and how traders, well, trade. So much so that roughly 75% of shares traded on U.S. stock exchanges come from automatic trading systems today. While automated trade hasn’t necessarily taken over Wall Street just yet - it is certainly halfway to doing so. Technology has fundamentally changed the financial markets over recent decades, with tech innovation having changed how we invest, analyse deals, allocate portfolios, trade and communicate with each other.Algorithm-based electronic trade in particular has led to a reduction in systematic risks for traders, while trade-based automated systems have facilitated greater trader discipline. Trading technology means speed and efficiency, and above all else - the power to instantaneously identify patterns and trends that might inform ...
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