JPMorgan Chase, a top player in the $5.1 trillion-a-day global currency market h...
LONDON - JPMorgan Chase, a top player in the $5.1 trillion-a-day global currency market has started applying a new technology that enables machine-trading programs to learn from previous trades and search for the most profitable way to execute them.
Algos, as these programs are known, are used by market makers to search at lightening speed for platforms with deeper liquidity pools or break up large orders into tiny bits tor reduce market impact. For example, a typical time-weighted average price order executed by an algorithm may aim to buy a particular amount of currency over a few minutes or hours. But if the order is not executed within that time frame, the machine will trade aggressively toward the end to buy the required amount.
“The objective of an algo is to minimize market impact by executing in an efficient and timely manner,” Chi Nzelu, head of macro eCommerce at JP Morgan, told Reuters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Nobody Tells You About Machine LearningA thorough effort to understand your own unique ML and decision needs, combined with a review of current solutions, will get you on a path to successful ML adoption.
Read more »
Pilots demand better training if Boeing wants to rebuild trust in 737 MAXAmerican Airlines pilots have warned that Boeing Co's draft training propos...
Read more »
JPMorgan tells staff to boycott Brunei-owned hotels over gay sex death penaltyJPMorgan Chase has joined a boycott of hotels owned by the Sultan of Brunei after the Asian country introduced laws that punish gay sex with death.
Read more »
JPMorgan Is Behind The Eight Ball On China BondsMeanwhile, BlackRock thinks investors need to invest in Chinese debt.
Read more »
Powerful Environmental Groups Are Teaming Up To Create A Fundraising Machine To Defeat TrumpNine Democratic presidential hopefuls are participating in the effort so far.
Read more »
Trump's washing machine tariffs are costing Americans almost $100 more per applianceAmerican manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.
Read more »
Opinion | Warren’s Free College Time MachineOpinion: Elizabeth Warren doesn’t appear to be capturing the imagination of American voters, but her policy proposals are a guide to where Democrats are heading if they win the White House in 2020.
Read more »
Bret Easton Ellis, the political outrage machine who has never voted for presidentBret Easton Ellis, the political outrage machine who has never voted for president. The 1980s novelist has a new career 'triggering millennials' — or what he calls 'Generation Wuss.'
Read more »
Trump’s washing-machine tariffs cost U.S. consumers $815,000 for every job createdManufacturers hiked the prices of washers and dryers in response to the tariffs, according to new research.
Read more »
2019 BMW X7: This ‘Driving Machine’ Isn’t Remotely ‘Ultimate’Time has turned BMW's golden slogan—'The Ultimate Driving Machine'—into lead weight around the company’s neck, says Dan Neil
Read more »