Traders See AI Tech Shaping Their Future, JPMorgan Finds (1)

Traders are betting artificial intelligence and machine learning will have the biggest impact on financial markets in the coming years.

More than half of respondents to a JPMorgan Chase & Co. survey of 835 institutional and professional traders said those technologies would have the most influence on trading in the next three years. That’s up from a quarter in 2022.

“This trend toward automation is something we’re seeing across the market now, and is expanding into the credit and rates side as well as commodities,” said Scott Wacker, head of FICC e-commerce sales at JPMorgan.

Quantitative hedge funds are ...