By 2069, the world of trading will be shaped by though-powered decision making, AI assistants and blockchain exchanges, according to new research.
Assessing the current trajectory of technological trends and scientific research, its experts have considered where the world will end up in the next 50 years.
The ability to be able to power trading decisions through thoughts – with electrical impulses from the brain transmitted through a headpiece and microchip – offers the most drastic change to the technology used by traders today.
The guide explains: “It might sound like the stuff of science fiction, but thought-powered trading, hardware-induced neural stimulation and brain-to-brain communication have already been subject to extensive research by academics and commercial entities.”
IG also predicts that a time traveller to 2069 would see a world with:
- AI assistants instead of human brokers, with real time ‘smart reports’ that can offer predictions and strategies.
- 3D holographic trading floors launched from smartphones.
- Fiat currencies replaced by cryptocurrencies and blockchain networks powering the markets.
The guide notes that these changes won’t all necessarily be universally positive. Indeed, robot advisers have the potential to make the markets more and not less volatile.
The guide states: “Applying robotics to trading could be an exciting and lucrative development. It could mean greater market volatility with trades likely to be opened and closed much more quickly than they are currently, and the predictive capabilities of robots in suggesting trading strategies could greatly reduce the number of unsuccessful trades on the market.
“Robotic trading software would also add to market liquidity as people could simply let a machine to trade on their behalf with minimal training or input from the owner. This could increase the number of market participants, meaning there would be more buyers and sellers readily available to take up one side of a trade.”
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