JPMorgan finds that traders believe AI technology is shaping their future

February 1, 2023, 12:01 AM

Traders are betting that artificial intelligence and machine learning will have the biggest impact on financial markets in the coming years.

More than half of JPMorgan respondents said the survey of 835 institutional and professional traders indicated that these technologies will have the greatest impact on trading over the next three years. That’s up from a quarter in 2022.

“This automation trend is what we’re seeing across markets right now, and it’s extending to the credit and interest rate side as well as commodities,” said Scott WackerJP Morgan Chase FICC e-commerce sales director.

Quantitative hedge funds are…

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