Trading Bots Have Taken Over! 🤖
Trading Bots have now taken over our stock markets and crypto exchanges. It is thought that 60% of all trades are now made by software on supercomputers... and that figure is growing daily!
Stock market traders pictured in the 1980's at the New York stock exchange
"Humans cannot compete on speed, it's as simple as that."
High frequency trading bots have revolutionised all of our financial markets, Bonds, Forex, securities and pensions and more are now being controlled by supercomputers around the world. Because trades can happen within milliseconds humans are almost powerless to compete! But this now makes the internet connection speed of the supercomputers traders financially crucial! Closer servers, straighter cables ... very avenue to get faster network communication speeds is being explored! Billions are being poured into the latest Microwave transmitters and receivers to facilitate faster communications and thereby potentially beat the competition every time.
Flash Crash
Our Bots can have bad days too it would appear! On a couple of notable occasions important stocks or resources have experienced price crash due to Bot error! It is sobering to realise that our financial system globally could stutter or crash, or boom, either because software glitch or some James Bond style villain with the latest greatest computer system! A serious yet not illegal technique that is employed by some bots is "Noise". Put simply, as all bots need to listen to all market data, if your bot puts out lots of false orders it cripples other bots speed as they have to interpret all this extra data. Your bot meanwhile can easily exclude the noise and trade faster than any one else - thereby winning every trade! Computerisation is of course inevitable, but great thought should be payed to each and every new detail as it presents itself. As AI plays a greater role in all our lives we need to make sure we know and trust those with their fingers (or tentacles?!) on the controls!
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There that robots are awesome and here steemit robots are awesome
Hello firemanvishal,
I agree ... I love bots too :D
bot and algo fan here too :). so kind!
I can’t wait to get my own Quantum Computer so I can be the fastest to make trades!!
Ok ok I have no intention of buying a Quantum Computer if they even become a true reality for citizens. I just wish I had the funds to make one large BTC trade without a loan payback or anything like that.
Maybe a collaborative buy-in with many people to buy a few BTC and just sit on it until it skyrockets.
Hello dbzfan4awhile,
Excellent point! I am not entirely sure if quantum computers will be useful for this type of number crunching - but I have no doubt there are some experimental quantum bots and various AI software programmers/engineers grappling with this problem as we type!
I notice you are a software engineer! What areas or product types do you work in?
Very good to meet you :D
My thoughts on this are that it is a natural step along the path of automation and that if done well could certainly benefit many people smart enough to take hold. It does raise some concerns about currency manipulation though.
The bright side is that bots still need to be given commands and that something that takes time and some effort...
no, they are independent. they do what ever they want :).
Right on! brother/sister/bot unit/organism/entity :D
Hi dracosalieri,
Quite right! We must keep an eye on who runs the bots, and that they have sufficient fail safe procedures in place!
Very interesting
Thank you godfatherofsalsa :D
I love the position that "humans can not compete on speed".
Hi Tom - thank you :D
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