Specialist firms are customizing algorithms to the needs of buy-side firms, making them better at reacting to market conditions and, ultimately, more like humans. By Steve Dew-Jones
What defines a human? If it is the ability to think autonomously and to evolve to the surrounding environment, then it is not so difficult to draw comparisons between us Homo sapiens and the latest trading algorithms. Trading firms in many cases prefer computerized algorithms to human traders, but algorithms are beginning to look more human every day—not least through the mistakes they are prone...
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