As algorithmic trading agents enter other fields, will they lead to widespread unemployment amongst white-collar employees?
Trading at the speed of light
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The ten seconds it takes a good financial trader to react to a pricing change on a screen and execute a trade is a lifetime for an algorithmic trading agent—the blindingly fast software routines used by investment banks to execute buy and sell decisions autonomously. Now, having made fortunes for financial institutions, robotic traders are poised to conquer new fields. Expect to see them cropping up in other brain-intensive activities—from marketing to education, from battle-field analysis to writing software.
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Listen to the podcast: Working at warp speed
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 Approx. 10 mins |
Professor David Cliff, a former director at Deutsche Bank and now head of the Science and Engineering Natural Systems Group at Southampton University, explains why autonomous trading agents have become so successful.
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