In 2019, Kevin Rodgers, the former global head of FX at Deutsche Bank, made a prediction for Euromoney: forecasting that in 20 years’ time currency trading would be run by completely automated firms, populated by self-governing AIs without any human involvement.
Six years on, this vision looks compellingly prescient. FX markets have long left behind the smoke-filled trading floors where yells of yours, mine! (shag) reverberated five days a week from early hours into late nights.
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