AI and machine learning spell radical changes for traders, asset management
Singapore
ARTIFICIAL intelligence and machine learning are set to shake up traders' jobs by enabling them to generate their own alpha, boosting fund managers' returns in today's asset management industry, currently under pressure to justify fees with outperformance.
That's according to Seth Merrin, founder and chief executive of Liquidnet, a dark pool trading platform with more than 930 asset managers as members, across 46 markets. Dark pools were originally designed for institutional investors to trade large blocks of shares without having to disclose their identities, volumes or prices, unlike traditional exchanges. Members of Liquidnet manage assets totalling US$15 trillion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea