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Posted: May 17, 2016

Rise of the Robots Will Eliminate More Than 5 Million Jobs

WEF report says administrative and office roles are at risk

Over five million jobs will be lost by 2020 as a result of developments in genetics, artificial intelligence, robotics and other technological change, according to World Economic Forum research.

About 7 million jobs will be lost and 2 million gained as a result of technological change in 15 major developed and emerging economies, WEF founder Klaus Schwab and managing board member Richard Samans said in "The Future of Jobs." The findings are taken from a survey of 15 economies covering about 1.9 billion workers, or about 65 percent of the world’s total workforce.

The blurred lines between physical, digital and biological spheres amount to a Fourth Industrial Revolution, according to the WEF, which will address the idea as the idea at its annual meeting of policy makers, academics and economists in Davos, Switzerland. It’s already a hot topic thanks in part to books such as ‘The Second Machine Age’ and ‘The Rise of The Robots,’ while Bank of England Chief Economist Andy Haldane has warned that the millions of jobs at risk from automation are creating issues officials need to address.

"To prevent a worst-case scenario -- technological change accompanied by talent shortages, mass unemployment and growing inequality -- reskilling and upskilling of today’s workers will be critical," the authors said. "It is simply not possible to weather the current technological revolution by waiting for the next generation’s workforce to become better prepared."

Jobs Warning

Administrative and office jobs

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Posted: Mar 21, 2016

Discretionary goes quant, and quant goes fundamental

Why both a desk trader with two decades of experience and the founder of a multi-million quant fund look at the same educational programme for self-development?

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 Alex Krishtop, Director of education at Algrotihmic Traders Association

 Monday, March 21, 2016

Discretionary and algorithmic trading should possibly be considered not as opposite poles, but as converging contributions in search of the optimal trading solution in modern markets.

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TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS