Expert System For Dealing: The Collar Of Obedience
THIS WEEK'S LEAD STORIES
The most provocative exhibit was an expert system for foreign exchange dealing room management. The system assesses the riskiness of an FX dealer's performance on a trade-by-trade basis and offers advice just as a dealing room manager might.
While traders can be an adventurous lot not always apt to heed such advice, a more forceful implementation of the system could deny dealers the option of in one ear and out the other.
Co-written by DEC and an unnamed U.K.-based bank under a technology transfer
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