In this week’s Trader Digest we find out the steps required to setting up your own algorithmic trading desk, discover the robot who can trade bonds better than any human, and discover how the US midterm elections may impact the dominance of Silicon Valley's tech giants...
Reading List
Steps to Setting up Your Own Algorithmic Trading Desk
“Algorithmic trading has dawned in on a new age that is giving power to individual traders to trade skillfully using the power of maths" Entrepreneur
Jump: inside the secretive e-trading giant
"Secretive, unassuming, huge and wildly successful. That’s how outsiders describe Jump Trading, one of the world’s biggest – and most mysterious – proprietary traders." Risk.net
Blockchain tech is taking on renewable energy trading in Singapore
Companies in Singapore can now engage in renewable energy certificates trading on a blockchain-powered system from utilities provider SP Group. CNBC
Ex-Wall Street banker gets insider trading conviction overturned
"A former Perella Weinberg and JPMorgan Chase banker has had his insider-trading conviction overturned by a US appeal court, which determined evidence that could have influenced the jury’s deliberations was wrongfully omitted from the trail." FT
JPMorgan Licensing Its Trading Software: Could It Be The Next Big SaaS Company?
"The investment market is becoming increasingly automated, forcing the leading Wall Street firms to come up with out-of-the-box ways to differentiate." Forbes
Swiss Finance Watchdog Tells Banks to Treat Crypto Trading As High Risk
Switzerland's Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets. Coindesk
For the Headphones
How the midterm elections could shape tech policy
"The midterm elections could have a big impact on the tech industry. That’s because the backlash against Big Tech is one of the only issues out there that is pretty bipartisan." Marketplace
What to Watch
Abbie 2.0: The Robot Who Knows How to Trade Bonds Better Than You
"Abbie, the virtual assistant for AllianceBernstein Holding LP customers, has been upgraded to suggest the best bonds to buy and sell on three different factors. " Bloomberg
