The Finance Foundation
Reinventing capitalism for all
President of the Finance Foundation

Robots bigger than money managers
March 27, 2014 , Michel Gabrysiak - Finance tech

In 2013, professional traders have become a species in great danger of being eliminated. 51% of the trades on european financial markets have been accomplished by robots. That is computers,Without human intervention. It is apparently cheaper and very high tech. Brokers and asset managers have become a minority. Last year, according to a study by TABB of 58 fund managers controlling 14,6 trillion euro in assets, managers intend to increase electronic trading and reduce brokers and ‘people’. That is especially true for smaller trades.

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