JPMorgan says it’s poaching Google tech whizzes for its new equity-trading bot as Wall Street ramps up its automation revolution

Neil Hall/Reuters JPMorgan’s new equity-trading “bot” is part of a set of developments that could cut the firm’s trading costs by hundreds of millions of dollars a year. The project was spearheaded by Neil Joseph, the European head of equity trading at JPMorgan Asset Management. Source: JPMorgan says it’s poaching...

Week Ahead: Markets May Face Broader Technical Headwinds; Volatility Likely To Resurface

In yet another fairly eventful week, the Indian equity markets continued to digest the general elections fully, ending with a violent reaction to the portfolio allocation of the new set of cabinet ministers. After witnessing a 420-point trading range while marking incremental highs on a closing basis, the headline index...