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JPMorgan says its poaching Google tech whizzes for its new equity trading bot as Wall Street ramps up its automation revolution

JP Morgan

  • JPMorgan’s new equity trading “bot” is part of a set of developments which could cut the firm’s trading costs by hundreds of millions of dollars a year.
  • The project was spearheaded by Neil Joseph, European head of equity trading at JPMorgan Asset Management. He said it’s part of a broader overhaul of automation of processes at the bank.
  • “We’re increasingly recruiting technologists from firms like Google and Microsoft.”

JPMorgan says it’s ramping up the electronic revolution at the firm, accelerating the integration of traders and tech with a new global equity trading bot that is at the forefront of a three-year initiative. read more >>>

Source:: BusinessInsider.Com