Is FX catching up with Silicon Valley?
The industry is taking a leaf out of the Silicon Valley playbook to leverage automation, AI and big data, write BNP Paribas execs
Think of automation, big data and artificial intelligence (AI) and the vision of a Silicon Valley office springs to mind – a high-tech building full of shorts-wearing, smoothies-drinking employees sat in front of their Apple Macs immersed in lines of code. Now think of your typical foreign exchange trading floor, with its formally attired, highly caffeinated sales teams and traders staring at the flashing numbers on their multiple screens.
The differences couldn’t be more stark – or so they
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