-- In the last five years, automation has taken over nearly 60% of jobs in the financial sector. This includes trading and investing.
The best performing funds in Wall Street are today managed by robo-advisors. Likewise, day trading activities are also being dedicated to robots. For the record, a robo-advisor invests for the long term while a trading robot capitalizes on short term price movements.
In total, robo-advisors and trading robots manage over $1 trillion of investors' money in the US alone. Experts predict that the amount will increase to $5 trillion by 2022. In investment, robo-advisors are nowadays in high demand, given their superior performance and low fees.
Likewise, hedge funds in Wall Street are using sophisticated FX and stock trading robots to generate insane returns for investors. These robots apply HFT and scalping techniques to generate returns out of small price movements.
Contact Info:
Name: Dave Viii
Email: Send Email
Organization: Startup Fortune
Website: https://startupfortune.com
Release ID: 88962017
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