Briefings
Week InReview: July 7, 2017
- By: admin
- On: 07/07/2017 11:10:35
- In: 2017 Briefings
Will a Robot Take My Job?
The second of [UBS's] new systems uses machine learning to develop new strategies for trading volatility on behalf of clients. It examines vast amounts of trading data and builds a strategy based on learning from market patterns. UBS claims it is the first "adaptive strategy" product offered by an investment bank. It has been marketing the offering to clients for a couple of months and they have been "very receptive". While the bank is yet to convince a client to put its money into it, it expects to secure its first contract within a few months.
Robots enter investment banks' trading floors
- Financial Times
The second of [UBS's] new systems uses machine learning to develop new strategies for trading volatility on behalf of clients. It examines vast amounts of trading data and builds a strategy based on learning from market patterns. UBS claims it is the first "adaptive strategy" product offered by an investment bank. It has been marketing the offering to clients for a couple of months and they have been "very receptive". While the bank is yet to convince a client to put its money into it, it expects to secure its first contract within a few months.
Robots enter investment banks' trading floors
- Financial Times
Read entire Week InReview: July 7, 2017