Yes, nowadays I believe that stock trading is mostly done by computers, so it's getting more dangerous. BTW, it seems like Wired has abandoned their anti-ad blocking tech?
On thorough reading, it wasn't talking about all stock trading, but the High Frequency Algo's that do split second trades. While not insignificant they don't represent the whole market.
Yes correct, but I meant in general, machines will decide more and more when to buy and sell stocks, based on input of humans, but eventually they might take decisions on their own, who knows. Seems like they might have changed their minds, same goes for forbes.com, all of a sudden it works again with ad-blocker enabled.
unfortunately , they represent most of the tradings. I am stock trading (at my level) , so i can tell you they do already, all trades are done in milliseconds by complex softwares based on defined rules analyzing various informations (conflict, accidents, etc...) . My trading web interface allows me to select a share and sell it only on criterias i selected hours to minutes ago. Then once done , the machine take relays and aggregate all inputs to deliver several orders at same time. in trading you can't waste one second, because fluctuations of a share is about seconds, a human cant do the input manually.
Yes correct, this is how all the big banks and brokerages trade. Personally I don't use this type of software yet, I trade purely on instinct. I can see AI becoming more and more important, but this article reminds us how dangerous it can be.
