Automation Without Automatons


However, there's no doubt that automation brings benefits. Just as robots on production lines can take over high volumes of routine work, algorithmic trading systems can execute more trades, faster and cheaper than human traders. That doesn't mean extinction for old-school traders, but rather that they get to steer the carriage instead of being one of the carthorses shackled in front. After all, algorithms still make mistakes-for example, if a price or a news story is erroneous, or when the hist

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