Each week, ‘Flash Friday’ is a feature series produced by Traders Magazine that covers the past, present, and future of capital markets trading and technology. This series is sponsored by Instinet, a Nomura company.
To gain an understanding of the potential for generative AI, Traders Magazine put the new technology to the test. We asked ChatGPT a core Flash Friday question: What is the future of capital markets trading and technology?
The answer that ChatGPT provided gave the following insights: Technological advances, regulatory changes, and investor preferences are all expected to shape the future of capital markets trading and technology. Companies that are able to keep up with new technologies and take advantage of them are most likely to successfully navigate the landscape of capital markets in the years to come.
At the STANY Annual Conference 2023, Charles Morris, Chief Data Scientist for Financial Services at Microsoft, shared his views on AI. He mentioned that AI technology has immense potential for content creation, particularly in the financial services industries. AI, Mr. Morris said, can generate a first draft of a research report in minutes, whereas it would take a person hours to have written the same piece.
Given the opinion of Mr. Morris and the result found from our test run of ChatGPT, it is clear that generative AI could be an invaluable asset for subject matter experts. Such technology could help to create high-quality, first-draft pieces of content quickly and efficiently; offering a great foundation and significantly reducing the effort that would be required traditionally to formulate a piece of writing.
Instinet, a Nomura company, provides secure, reliable technology and access to global markets, enabling clients around the world to confront evolving challenges and opportunities in dynamic capital markets. As a global electronic agency brokerage system and technology provider, Instinet offers innovative access, execution and research solutions to both the buy and sell side of the markets. Clients of the company can benefit from expertise in market structure, algorithmic trading, best execution analysis, and more.
Charles Morris is a Chief Data Scientist for Financial Services at Microsoft. His experience enables him to provide valuable insights and commentary on the potential for generative AI in financial services. After exploring ChatGPT’s results, along with Mr. Morris’ opinion at the STANY Annual Conference 2023, it is clear that Artificial Intelligence is likely to have a transformative effect on content creation for the Financial Services industry. Companies with the foresight to leverage AI to its fullest potential stand to gain a competitive advantage in the years ahead.
