Current hedge fund trading technology is hard coded by humans, whereas deep learning systems can be given a simple command and derive a result from data on their own; this is the operative difference between legacy quantitative tools and machine learning.
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The current technology used in hedge fund trading is hard coded by a human. In contrast, a deep learning AI machine learning algorithm can be given a simple command and automatically find a result based on data.
Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548
Classification
mechanismsupport: assertedai-and-agents
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