Week InReview: July 7, 2017

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

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