Inside ING’s overseas trade enterprise, a particular algorithm has the job of looking for indicators which may point out an abrupt, sudden shift out there, and adjusting the financial institution’s costs accordingly. On July 16, that algo needed to earn its corn: experiences unfold that US president Donald Trump was planning to fireside the chair of the Federal Reserve, Jerome Powell.
“On the Powell information, it actually kicked in,” says Simon Bevan, world head of e-trading at ING.
Markets went on a rollercoaster journey
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