AI-driven bond trading systems were turned off during March's wild selloff, as humans stepped in
Here's yet another example of AI's inability to handle unfamiliar circumstances, and how human oversight remains essential Humans Top Bots in Covid Crisis Test of Electronic Bond Trading Algorithms failed in volatile markets, then people stepped in Market knowledge still needed despite push for coding skills By Molly Smith and Matthew Leising (Bloomberg) – It turns out the corporate bond market still needs traders. The algorithms that dealers use to buy and sell bonds with th