The Importance of AI in the Future of Trading

Vissant: If AI can give an edge to certain investors, does that mean it will immediately be arbitraged away due to the egalitarian nature of AI or even regulated away? Do we need a new edge? Does it basically level the playing field or not? Harry: There's two ways of looking at that. One is that there's a finite set of opportunities in the market and patterns emerge before reasons for them become apparent. So this is not a static kind of game. It's like being on a treadmill, right, you have to be constantly vigilant for new sources of alpha.