Artificial Intelligence is fastest growing segment fueling the growth of algorithmic trading market
The global algorithmic trading Market is estimated to be valued at US$ 2.18 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview : Algorithmic trading involves the use of computer programs and software to automatically place a large number of orders and trades based on predefined rules. It provides advantages like faster execution of orders, lower transaction cost and minimizes human errors. With the increasing digitization and development of advanced technologies, there is a growing need for automated trading strategies in financial markets. Market key trends : One of the key trends in the algorithmic trading market size is growing adoption of artificial intelligence and machine learning technologies. These advanced technologies are helping market participants build more sophisticated algorithms and predictive trading models. Machine learning algorithms ca...