Tag: ALGORITHMS
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How Chinese CTAs Use AI to Dominate Gold Futures Trading
Chinese Commodity Trading Advisors (CTAs) have vaulted from niche players to market movers thanks to algorithm-driven strategies that scan reams of data and fire orders in milliseconds. Evidence of their growing weight came when just three Chinese brokers moved about 212,000 lots of gold futures on the Shanghai Futures Exchange—almost rivalling the 240,000-lot daily average…
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The Medallion Fund: Unmatched Returns and a Rare Setback
The Medallion Fund, managed by Renaissance Technologies, is widely considered the most successful hedge fund in history. Since its inception in 1988, it has delivered an unmatched average annual return of 66% before fees and 39% after fees, outperforming investment legends like Warren Buffett and George Soros. Its success is rooted in a 100% algorithmic…