Quote (ofthevoid @ Mar 18 2020 10:09am)
I think after all of this more people are going to get on board with regulating algorithmic trading. I heard a few CEO's speak on this and it's absolutely ridiculous how machine trading can essentially destroy stock prices without some underlying news, fundamentals change, etc. You have companies that have market caps of 10 tens of billions of dollars swinging double digit % daily.
Honestly, I think we've overdeployed AI and algorithms in general. As great as AI is for some tasks, it's often overstated how effective they are. AI likes to cheat, algorithms that are simple enough for us to understand are only able to work in situations we've parameterized them for, etc. etc.