Ex-JP Morgan traders and their artificial intelligence FX trading fund
A Bloomberg piece on an artificial intelligence-driven hedge fund run by two former JPMorgan traders
Some interesting points:
- fund uses so-called deep-learning algorithms to analyze data and forecast market moves
- model monitors trading levels across a variety of asset classes as well as economic figures and consensus estimates, and assigns potential return probabilities to various trades
- "It can say if you're positioned this way, chances are you're going to make a lot more money than the other way around
- So the odds, the probabilities are with you, or there's an asymmetric payoff in this sense."
Not much more on detail etc., as you'd expect I guess. Link is here.
Gotta keep learnin' more on of this stuff!