Can Robots Trade?

Dave Coker
3 min readJun 4, 2022
Source: author

I grew up in Western New York, and studied Math & Computer Science at University in the early 1980s. After my time as an undergraduate I took a variety of programming jobs available in the local area. I started my career coding payroll applications, which was well paying but dull work. I later took a job with DARPA, programming avionics for military aircraft.

After a few years I moved to AT&T Bell Labs in Homdel, New Jersey, where I programmed Expert Systems.

An Expert System is a program capable of simulating human decision making. First developed in the 1970s, they were cutting edge at the time I was working with them. However now they have been eclipsed by other variants of Artificial Intelligence.

I started working on Wall Street in the late 1980s. There I merged my passions for technology and finance. I began coding quantitative analysis tools for trading. Later I moved to risk management. I am still fascinated by Artificial Intelligence when it joins my two passions.

Many people claim to have created trading bots

Once such interest is the AI Powered Equity ETF, or AIEQ. Of course social media is full of people claiming to have created trading bots. But we have better transparency into the performance of AIEQ simply because it is a listed fund.

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Dave Coker

Retired Investment Banker, Deutsche Bank, ABN AMRO, Moodys. Retired University Lecturer, London. Financially independent student of markets. American / British.