Artificial intelligence technologies are expected to play a leading role in trading over the next three years, according to a survey by JPMorgan.
The traditional E-Trading Edit: Insights from the Inside study included 4010 institutional traders from 65 countries.
“61% of traders predict that AI/machine learning will be the most influential in shaping the future of trading over the next three years. This is an 8% increase from last year,” noted JPMorgan.
The corresponding figure for blockchain technology decreased from 12% to 7%. In 2022, it was 25%.
According to the survey, institutional traders are increasingly skeptical of other innovative trading solutions as well.
However, results vary depending on the class of traded assets. For example, specialists in G10 and emerging market money market instruments recognized the integration of API as most important.
Commodity traders cited quantum computing in this context.
Even greater skepticism was expressed regarding cryptocurrency trading. Only 9% of traders are involved in it, compared to 78% who do not plan to engage in it over the next five years.
In this context, JPMorgan’s Head of Digital Assets, Eddie Wen, stated:
“Investments in digital markets help propel our business into the future. In a constantly changing technological landscape, it is crucial to create a platform that provides clients with access to cutting-edge tools that help them navigate the complex global market.”
Earlier, Ethereum co-founder Vitalik Buterin highlighted four promising opportunities at the intersection of AI and cryptocurrency technologies.