Robots beat humans in trading battle

Posted on January 4, 2007
Filed Under Trading |

BBC: In the first ever test of its kind, a team of robots has beaten humans in simulated financial trading.

Computer giant IBM pitted robotic trading agents, known as “bots”, against humans in trading commodities such as pork bellies and gold.

The bots made 7% more cash than the humans, according to a report in New Scientist magazine.

Researchers say the successful experiment presages increased use of artificial intelligence in financial markets, where computerised trading already plays an important role.

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