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How A.I. Traders Will Dominate Hedge Fund Industry | Marshall Chang | TEDxBeaconStreetSalon

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We’ve seen fully automated bot beats us in Go, one-on-one Poker and Dota II, now what’s going to happen for trading financial markets? Listen to A.I. Capital Management sharing their research, a Deep Learning trading agent that over-performs us in trading FX markets. Marshall has been trading FX markets for 5 years. As a Master in Finance graduate from Brandeis International Business school, he combines his insight in financial markets with a passion for machine learning and expertise in programming, striving to build the first game-changing A.I. trading system to disrupt the markets.

He has a strong passion for quantitative trading and machine learning and started AI Capital Management in September 2016. His inspiration came from Google DeepMind’s AlphaGo project, which is a Deep Learning agent that beats human Go world champions. Go, as a game with complexity at a number more than the atom in the universe, is arguably as hard as or even harder than trading financial markets, which they believe is the next game to be solved with Artificial Intelligence. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

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48 thoughts on “How A.I. Traders Will Dominate Hedge Fund Industry | Marshall Chang | TEDxBeaconStreetSalon”

  1. will be difficult to get a profitable AI for stocks trading, since it can't learn from papertrading, because its missing out the HFTs which donly start to react when you enter. But forex seems doable

  2. Just another example of a smart man not understanding markets. There have been people making algorithms or holy grails since the start of time, this man will end up like they all did – broke.

  11. "Will" dominate ? Asset management? Housing crisis ? Mass homelessness and shared rental accommodation? Corporations buying all the houses for assets ? No houses left for regular people to buy so house prices rise ? Hey great because corporate asset value increases ? Hey great more money for ai to leverage as betting collateral in the stock and crypto markets ?, an repeat ! ? There is only so many billionaire seats at the table ?

  22. Every time a trader comes in front of camera & claims hypothetical returns like 982% showing fake Graphs & all, it, cringes me.

    No body who makes money in market shares his/her secret. Then, is he so gullible to share such thing ?

    or he may be baiting these returns to lure some wealthy people to pour dollars.

  27. Artificial Intelligence will handle all our major problems in the future, or.., it may just be the last invention made by mankind. In today's fast-changing business environment "hyperautomation" is the combination of automation tools to deliver work. Also, knowledge workers don't feel threatened by automation: they have embrace the robots as team-mates. This is what Morozov calls "solutionism" – the idea that any problem can be solved by machines with a computer code. AI, oh well… Getting into the emotional root will be crucial, but the fate of mankind will not get a single real benefit from it! We will become like the drunk who searches for his lost keys where the streetlight shines, rather than where he actually lost them.

  31. 8:25 …and when it fails, it fails really, really hard. Exactly like human reasoning does, more often than not. Hopefully it will fail less than humans in terms of finance, making more wise, sustainable, mutually beneficial decisions, simply due to its hypothetically superhuman capacity of predicting and judging long-term outcome.

  33. A.I. will not only dominate, it will effectively crash the economy and simultaneously destroy Wall St. in what will be remembered as THE BIGGEST CASH GRAB OF THE CENTURY.

  34. First of all: 277 % profit in a year trading? That's very low. 2nd: Trading currency is very low volatility = low profits. 3rd: All technologies are based on this universe, so if we understand the universe, we understand the markets (AND can predict them). A.I and bots are helpful to use, IF you understand exactly what they're doing. But if you know what they're doing, why would you even need them? Something to think about. Regards from a Swedish profitable full-time living trader without A.I.

    PS: I won't tell my tips and tricks here because I don't support the Tedx platform.

  35. Just like self drive car data scientists describe a beautiful future in 2018 and told you again it won’t happen in 10-20 years . only naive people will believe deep learning can save the world .

  37. What about companies like Renaissance Capital, 2Sigma and DE Shaw? Certainly these companies employ some variant of AI that they use in their trading/Money Management. The truth is that if you found an AI strategy that worked for you in the Financial Markets, you would not come out and announce it. Rather this is you comparative advantage and therefore you'd like to keep it a secret

  42. AI can never be really foolproof in trading the financial markets. There are always natural disasters, wars, terrorism and obviously QE which manipulates the financial markets. There are too many unknowns in the future. I doubt AI can beat the best traders with good information but it will do better than the bad ones.

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