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relationships, such as between the buy- and sell-side remains essential, and has been reiterated by many across the industry as a key part of trading to maintain.
Specifically, fears around AI dominating and removing the need for certain human roles are particularly relevant in the context of periods of market disruption and volatility, where having a relationship with a non-traditional liquidity provider, for example, are essential.
Speaking to this, Luke Mahon, head of trading at Azimut Investments, comments:“ The front office is still heavily relationship-driven, and that interpersonal element remains a core part of how trading relationships are built and maintained.
“ Trust remains a key constraint in the adoption of AI for trading decision-making. In a market environment that has been highly headline-driven this year, the question is whether an AI agent can reliably interpret news flow and adjust execution strategies with the same speed and judgement as a human trader managing an active order.”
The importance of the human relationship, especially between the buy- and sell-side was also reiterated by Cyprian Zimecki, senior multi-asset trader at Vontobel Asset Management, who adds that this debate lies not only with AI’ s capacity to process information, but also its ability to effectively replicate the human relationships that underpin market liquidity and execution quality.
“ The human element will not disappear in the buy- and sell-side relationship dynamic. At the end of the day, dealing is largely a relationship business, where
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