From ranchers to fund managers, ‘algos’ cause a stir

Computers do not eat bread, wear jewellery or, for the most part, drive cars. Yet computer algorithms rather than humans are increasingly setting the prices of wheat, gold and fuel. Automated trading systems account for large volumes of transactions in commodity futures markets. In grains and oilseeds they account for 49 per cent, precious metals 54 per cent and crude oil 63 per cent, according to the US Commodity Futures Trading Commission.

 

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Source - From ranchers to fund managers, ‘algos’ cause a stir