Fear the algos over the next decade, says one veteran trader in the stock market.
The mighty algorithmic robots that have dominated global markets over the past decade — spitting out insane swings in asset prices in the process — will probably get even mightier during the next decade.“The whole infrastructure of the market is changing,” said veteran trader and Sevens Report Research founder Tom Essaye on Yahoo Finance’s “The First Trade.”
Without question, the past decade in the markets has re-written how one approaches putting money to work in stocks. As we have learned over the past ten years, those crowded trades could instantly unwind as the machines assess a single new headline.
France Dernières Nouvelles, France Actualités
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