The recent WSJ article focused upon details from Adam Korn, a 16-year veteran at Goldman. He stated that success today depends less on trusting one’s gut, rather much of a trader’s job is embedded in the computer code or algorithms, which do much of the work now.
What is the real story though, what has all this computerized algorithmic trading truly done, how much value has it truly created? One question I would like to ask, is there a correlation between the explosion of our debt levels and this newly digitized financial age?
According to S7, the application shares data about fuel demand on a shared ledger, a copy of which is managed by each of the three parties. Further, payments for the fuel can be conducted on the network, with digital invoices created via smart contract during each transaction.
ETF is one of the great investment products in the last decade, and it has allowed so many people to gain the exposure to the wide range of assets easily at low cost. It is easy to buy a share of ETF without knowing what’s in there, but as a tech-savvy guy yourself, you may wonder how it works. By reconstructing the fund yourself, you may even come up with something better.
In my 30 years as a trader, I’ve never seen a market like this. If the bots remain faithful to their programs, we are still likely to see higher stock prices over the next few weeks to months.
Algorithms run our online world, for the most part, a majority of everything done online is associated with an algorithm in one way or another. It only makes sense therefore that they would be used in the financial world as well. That is why STEROID has been developed, to create a functioning opportunity for traders on crypto exchanges.
CNBC’s Bob Pisani is joined by Sam Masucci, ETF Managers Group CEO, to discuss how he’s using an AI program to pick stocks.