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Thread: Computers to replace Traders

  1. #11
    The more we move forward the more elastic computers progr will be. The players like banks are capable to incorporate Aritificial ligence appliions together with analysis of data. Do not forget they can pay for computers that analyze the market in a fraction of second. They also hire analysts and IT personnel to be certain that the egies are set up and excecuted correctly.

    The algorithm trading doesn't remove the role of human being. It changes the way people are employed in financial markets.

    This is the way I see it.

  2. #12
    Quote Originally Posted by ;
    Even Kasparov won into the unbeatable Deep Blue... why?... Because humanity has got the gift of imagination... computers do not.

    Even though they can use algorithms... guess who is going to create those?

    Iiivb
    I don't believe it's anything to do with imagination. It's to do. I don't have any doubt even with todays technology there might be a computer in the kind. The problem is it might take to train this net. The brain is not that particular, you have a net in mind and you may have one in a pc case.

  3. #13
    I think nature can only be imitated... not duplied... which usually means that the whole is far larger than the sum of each of its parts... if you know what I mean...



    Quote Originally Posted by ;
    I do not think it has anything to do with imagination. It has to do. I don't have any doubt with todays technology that there could be a computer in the form. The issue is that it might take so long to train this neural net. The human mind is not that special, you get a neural net in your skull and you may have one in a computer case as well.

  4. #14
    There are forces around the market which don't even exist lol

    character could subjugated, manipulated in our heads... mehbe, hehe

    who or what is the most powerful trading force in the world?

    Quote Originally Posted by ;
    I believe character can only be imitated... not duplied... and that usually means that the whole is bigger than the amount of every one of its parts... if you understand what I mean...

  5. #15
    Quote Originally Posted by ;
    I believe character can only be imitated... not duplied... and that means that the whole is larger than the amount of each of its parts... if you know exactly what I believe...
    Well, can character duplie what is seen in nature? Are humans part of nature? I believe you are becoming a spiritual arguement, and if that's what you beleive then I probably can not convince you.

    As for the example of chess, there is a limited number of results. It could possibly be in the trillions or longer, but it's finite. Therefore a computer will have the ability to play the game that is best sooner. It might probably be done today but you'd need to run through 10 xxxx possibilities, then optimize replicate over and over. When it's done you might be a very old man.

  6. #16
    In any market somebody's gotta be on the losing side. So if all the big players start using an automated system the market will just adapt to it and also the systems will fail. Then they are going to have to be reprogrammed. Those 90% of the traders who will fired by 2015 will just come back as developers to program new systems to the bank.

  7. #17
    In the currency markets that the vast majority of liquidity isn't created by speculators however by companies and individuals who really need to exchange currency for commercial reasons. So there's absolutely no reason why every speculator and certainly every investment bank speculator shouldn't be profitable. It's never likely to happen that all speculators make profit but it is theoretically possible.

  8. #18
    Quote Originally Posted by ;
    its not that all traders will be gone, its just computers will perform the'heavy labor' and spot very short term arb chances. People will inform the procedure on the big picture items for a while to come... but I do wonder when the first FF member will spot an algorithm transaction pattern and place a system to take advantage?

    Indeed the need for speed is currently so good, that
    many are talking about latency arbitrage.

    However, in places like proprietary trading where taking a
    egic risk position as well as a tactical trading position
    is vital in order to beat the market, algorithmic
    systems have a smaller role to perform.
    You got a point. It will not take long for somebody to reverse engineer who thing. It is going to attract other types and more individuals into the market to attempt to hack on the system.
    Plus, the pc is not programming , unless they finally perfect the system which reacts to it's environment and learns from 2015, which is a chance.

  9. #19
    I think computers are limited in their capability because of the fact that we humans built them and developed. They have our limitations.

    Oh and also the fact that LTCM, Amaranth and others likely used some very strong computer progr to go back into the tune of billions of dollars.

    The large boys computers right now can manage simple index arbitrage, order matching and keeping a orderly market by forex trading. I am certain that there are different regions but there must always be a demand for the tiny independent traders.

  10. #20
    You might wish your head examined! LOL

    [quote=Dexis] l there's absolutely not any way I could ever let some pc earn me cash.

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