Oct 30 2024 28 mins 64
Of all the jobs artificial intelligence might replace surely trading in stocks and shares is at the top of the list. Aleks and Kevin find out it might have already happened.
The first algorithms hit the trading floors nearly 30 years ago and since then the numbers of people involved in the buying and selling of shares has been dwindling. Aleks and Kevin speaking professor Dave Cliffe who wrote one of those first trading programmes. He was told the future of trading was a computer, a dog and a man. The computer would do the trading, the dog would guard the computer and the man, well he was there to feed the dog.
So how close are we to that future, closer than you think. But what does that mean for volatility in financial markets with AI’s well documented imperfect view of the world and is there still a place for human insight and perspective?
Presenters: Aleks Krotoski & Kevin Fong
Producer: Peter McManus
Mixed by: Fraser Jackson
