More trade in assets will be 'taken over by machines', warns Quant chief

Industry now 'teaching the machine how to make that decision'

Quantitative trading is on the march and machines are likely to handle a much greater share of dealing in assets in the years to come, diluting or replacing the role now played by human beings, according to Scott Kerson, head of systematic strategies at Gresham Investment Management LLC.

“The more commoditized the activity, the more likely it’ll be taken over by machines,” Kerson said in an interview at an event organized by the London Metal Exchange in Singapore. “So anything that’s kind of the same all the time, there’s the kind that you want to write a piece of code to