Traders See AI Technological innovation Shaping Their Foreseeable future, JPMorgan Finds

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Traders have expressed their enthusiasm for the use of Artificial Intelligence (AI) technologies, according to the latest survey from JPMorgan.

The survey, which asked more than 300 traders in the Americas how they were currently utilizing AI, revealed that over half (57%) were already utilizing AI to some degree in their business. Of those, 30% were taking advantage of automated trading, while 22% were using AI-powered analytics to inform their financial decisions.

The survey also suggested that the traders had high expectations for AI technologies in the future, with 36% of respondents expecting to increase their use of AI technologies over the next three years. This level of enthusiasm was shared across all asset classes, with 44% of equity traders, 31% of fixed income traders, and 29% of futures traders expecting to increase their use of AI technologies in the future.

In addition, the survey found that traders across the board were preparing to use AI to better identify and capture trading opportunities, with 74% of respondents in the survey indicating they planned to utilize AI-powered analytics to inform their trading strategies.

The survey participants were also optimistic that they would be able to improve their performance in the future. Over half (55%) of respondents expressed confidence in the ability of AI technologies to improve their risk management practices in the future, while 46% were equally as optimistic about their ability to better inform their trading decisions.

As the financial services industry continues to embrace AI technologies, more and more traders are likely to follow suit, furthering the increasing adoption of AI technologies in the trading space.

These results demonstrate that, when it comes to AI, traders have both the interest and the confidence to move forward with the adoption of this modern technology. AI’s potential to improve the accuracy and efficiency of financial strategies is a key factor that has energized the industry and marks an important shift in the way traders do business.

Feb. 1, 2023, 12:01 AM

Traders are betting artificial intelligence and equipment learning will have the biggest effects on financial markets in the coming decades.

Far more than half of respondents to a JPMorgan Chase & Co. study of 835 institutional and qualified traders reported those systems would have the most influence on investing in the following three decades. That’s up from a quarter in 2022.

“This pattern towards automation is anything we’re observing throughout the marketplace now, and is growing into the credit and prices facet as properly as commodities,” claimed Scott Wacker, head of FICC e-commerce product sales at JPMorgan.

Quantitative hedge funds are …

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