There S A Robot On The Trading Floor
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Why robot traders haven t replaced all the humans at the new york stock exchange yet.
There s a robot on the trading floor. The trader as the operator of the trading robot has the possibility of full control over it which allows the robot to adjust the trading robot make changes to the program code or change the algorithm. Robots are moving on to the trading floors of investment banks. Ubs this week showcased how two artificial intelligence systems can help traders perform better at the swiss bank s futuristic new. This is why robots became popular.
There s a robot on the trading floor introducing artificial intelligence systems on ubs trading floors automation in financial services has long been confined to transforming back office roles with robotic process automation removing repetitive processes in compliance and risk. When trading on the forex market sometimes it s tempting to just to sit back and let a pro or an automated device do the work for you. Basically robots and other forms of automated software promise to make traders big profits with little or no effort on their part. Proponents of the trading pit say having people on the floor can help relay the message of the pit and can help provide an assessment of a trader s intentions behind a buy or sell move.
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