THETRADETECHFX DAILY from the floor
Harnessing artificial intelligence on future trading desks
How is trading talent set to evolve going forward ? The future trading talent has a different educational background than what has been the norm for decades . Future traders will possess more technical skillsets and they will have quantitative and mathematical backgrounds . This shift has already taken place over the course of several years , and the trend will only continue for many years to come while the industry expands into the technological space .
The new talent is well versed in coding and mathematics . They know all products in depth from a theoretical point of view , and on top of this they have the ability to put their ideas into scripts and programs . They can retrieve and fetch necessary information from databases and other information sources .
The TRADE sits down with BARIS HALITOGLU , trader at Nordea Asset Management , to explore how developments in automation and artificial intelligence are shaping the future of both the trader and the trading desk .
on expectations continuously with my leaders and stakeholders .
If it was not for this advice , I would perhaps have stayed in my comfort zone and not pursued anything too challenging . But , the combination of having expectations aligned on a continuous basis with challenging goals , made it easier for me to focus on relevant tasks , and calmed me in the process . The process itself became enjoyable and enhanced my development .
How do you expect the trading role to change further in light of automation and AI developments ? The inflow of automation and artificial intelligence ( AI ) only emphasises the change in educational backgrounds towards more technologically adept traders . Developments in automation and AI will increase the set of available and useful tools for trading execution , and the ability to understand and utilise these effectively will be key for having the best trading desks .
What is the best piece of advice you have been given in your career ? The best advice I have received was given to me while I was employed as a graduate . It was a combination of seeking challenging goals while aligning on expectations . I was encouraged to pursue jobs and tasks that I found most exciting even though they would appear incomprehensible . But maybe more importantly , I was told to make sure to align
How is data changing the way that traders operate and what impact is this having on the type of person joinng the desk ?
The trend toward increasing technology use entails a working environment with data-intense information sources . This gives us a unique opportunity to analyse and leverage the information in useful ways . For the desks that embrace these new opportunities , they will take in people with a mixed skillset including the ability to process large amounts of data and recognise useful patterns and connections . I believe that this quantitative approach will become the norm in the future , hence people with more technical backgrounds will become favourable on the desk .
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