More than half of traders polled in a JPMorgan Chase & Co. survey chose AI/machine learning technologies as being the "most influential" on financial markets in the next three years.

More than half of traders polled in a JPMorgan Chase & Co. survey chose AI/machine learning technologies as being the "most influential" on financial markets in the next three years.

 In the same survey last year, only 25% chose AI/ML as the most influential for trading.

• Specifically, 53% in this year's survey chose AI/ML, followed by 14% for API integration and 12% for blockchain/distributed ledger technology.
• The automation trend is visible across the market and expanding into credit, rates, and commodities, according to Scott Wacker, JPMorgan head of FICC e-commerce sales. 
• He said that quantitative hedge funds are "bringing systematic models optimized with machine learning to over-the-counter markets."
• Additionally, asset managers are using data and AI technologies to appraise and improve their trade execution, Wacker said.
• Bloomberg Intelligence's 2022 US Institutional Equity Trading study found that asset managers are working to integrate AI into their algorithms and systems.