0 Have your say The public perception of stock exchanges remains little changed since the Big Bang deregulated the financial markets. Anytime a trading floor is depicted in a film or TV series, you can expect to see a group of men frantically waving their arms and shouting at a bank of screens showing the ups and downs of share prices. But the reality is different. Around three-quarters of exchanges on the NYSE and Nasdaq are now carried out by algorithms - computer programs designed to follow a particular set of rules - and not human traders.The last stock exchange in Scotland closed in 1973. As recently as half a century ago, there were four operating north of the Border.Now any Scot looking to dabble in the markets only requires a laptop or smartphone and some capital ready to invest. Any number of online services - from Nutmeg to Moneyfarm - can help you build a broad portfolio without the need to speak to anyone on the phone.Machine learning, which broadly refers to how … [Read more...] about How machine learning is transforming the stock exchange
Machine learning in finance
Ambassador of India to Belarus Sangeeta Bahadur before the forum MINSK, 4 June (BelTA) – Belarus and India intend to raise their bilateral trade to $1 billion in 2020, BelTA learned from Ambassador of India to Belarus Sangeeta Bahadur before a Belarusian-Indian business forum began in Minsk on 4 June.The ambassador noted: “Events like today's help increase the volume of trade between our countries. When the Belarus president visited India last year, it was stated that the two countries should try and raise the trade up to $1 billion. The volume of trade is slightly more than $400 million for now but everything is being done to hit the target in 2019-2020 if not this year.”The Indian delegation during the forum was led by Managing Director of Bajaj Industries Ltd Pankaj Bajaj. According to the executive, Belarus mainly exports potash fertilizers to India while India exports medical equipment and medications to Belarus. “But matters like air transport and … [Read more...] about Belarus, India eager to raise bilateral trade to $1bn in 2020
Venture capital investor and longtime technology observer Mary Meeker has published her annual Internet Trends presentation — 294 slides this year, including a section on transportation. There’s a useful finding on slide 128: What Americans spend on purchasing vehicles has dropped since the 1970s, while spending on “other transportation,” including public transport and ride hailing, has nearly doubled. Bloomberg New Energy Finance research published this week suggests that “other transportation” will continue to grow as a share of U.S. transportation spending. Today in the U.S., the average monthly costs of owning, leasing, sharing or subscribing to an automobile service are similar. In a sense, any form of using a car is a service — the service of moving someone around without expending one’s own energy — but subscriptions, which allow drivers to pay a monthly fee to access a selection of vehicles, go furthest in … [Read more...] about Why Buy a Car When You Can Subscribe in Style?
Regulators are beginning to teach robots who’s the boss.After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness and automate claims decisions. European Union rules starting this week will stress human oversight and consumer protection, which may hamper companies trying to build the tools of the future.“Companies developing AI technologies will have to consider and embed the data protection issues into the design process,” David Martin, senior legal officer at Brussels-based consumer advocate BEUC, said in an interview. “It’s not something where they can just tick a box at the end.”Read more: GDPR, or Why Privacy Will Be Stronger in EU Than U.S.The rules could present an obstacle to coders looking to design ever more sophisticated algorithms. That may handicap EU firms that are … [Read more...] about Humans Must Rise Above the Machines at European Banks
When a company starts the process of recruiting new people the chances are that it will use an online specialized service. And those looking for professionals are posting also on LinkedIn. But no matter where a company is posting, there are some rules to follow in order to have success. So we have talked to Serden Eren, Employer Branding Solutions consultant at LinkedIn on how a company can map the hiring processes to the candidate journey. There are today many processes of machine learning that are able to change the interface and the recommendations based on user preferences. „For example, Netflix is learning your preferences in movies. If you watch just five minutes of a serial that was recommended, the next day you won’t find the same movie on the homepage”, says Eren. The Artificial Intelligence and Big Data are both involved in this process. There are 526 million members on LinkedIn and 18 million companies that are offering 12 million jobs and asking for 50,000 … [Read more...] about Serden Eren, LinkedIn: Employer Branding is very important in the recruiting process