Keeping the Trader in Machine Learning

Reliance on machine learning and artificial intelligence on the trading desk only is going to grow. However, the next major step in its evolution is going to be how to share their findings with the human traders that they support, according to the experts. Today, traders typically configure alerts that would change a position’s color to red in their blotters if the stock’s price drops more than a specified amount, but that provides a limited benefit if the entire market were tanking. “Half of your blotter would be red, which is not that useful,” said Henri Waelbroeck, director of research at Portware, a FactSet company. “A blotter row turning red doesn’t give a trader any quantitative insight as to what we think is likely to happen from here forward or the pros…


Link to Full Article: Keeping the Trader in Machine Learning

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