Automated trading reduces volatility in the forex market, but could impact traders' careers
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最新报道：According to Coinnet, advances in electronic trading may be suppressing volatility in the foreign exchange market, making sustained large swings a thing of the past. This was the view of some attendees at this week's TradeTech forex conference in Barcelona, where the impact of increasing automation and algorithmic trading was a hot topic. Despite daily trading volume reaching $7.5 trillion, volatility in the foreign exchange market has fallen to near a one-year low. Gordon Noonan, head of foreign exchange trading at Schroders, cited the FX fluctuations following the release of the non-farm payroll data as evidence of the "frenzied" growth of electronic trading. Interest rate spreads, which used to widen for extended periods, now normalize within 30 seconds. Flash crashes, which were sporadic a few years ago, are now almost nonexistent. Noonan even suggests that professional forex traders may no longer be needed in the future. Furthermore, a survey by the London Stock Exchange shows that forex trading firms continue to prioritize investment in technology this year, with companies preferring to rely on machines rather than employees to gain a competitive advantage in an increasingly automated market.
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