06/05/2022
The study indicated that during 2012-14 and 2014-16, automation of grain and oilseed quantities increased from 39% to 49%. Livestock futures moved from 32 to 46% automated, precious metals from 46 to 54% automated, and crude oil from 54 to 63 percent automated. CME Group, a futures market operator, declined to comment on the data.
According to the report, more than a quarter of volumes in soyabean and wheat futures now consist of two automated systems trading with each other, with an even bigger percentage coming from agreements that match automated and human traders. The CFTC had no reaction as well.
Some traditional users of agricultural futures markets, which stretch back to the nineteenth century, have expressed worry about automation. Last year, a beef trade association in the United States claimed that lightning-fast dealers were weakening the market's utility.
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