Artificial intelligence (AI) is not only making the market so much more efficient, but it’s also cutting costs like a budget-savvy ninja! Reitberg says, “AI is like the overachieving intern of market making, taking on all those tedious manual tasks so firms can run smoother and save some bucks!” Making a market the old-fashioned way is like riding a bicycle while juggling lit torches—it takes a full-time job just to keep the bid-ask spreads from going up in smoke! When these jobs need to be done, AI-powered systems step in like superheroes and do them so well that human help feels like an odd dance at a wedding—prone to mistakes! AI swoops in like a superhero to cut transaction costs, fine-tune trade performance, and keep slippage in check with the help of predictive algorithms. Who knew that money could be such an exciting subject? Finally, AI can keep an eye on multiple markets at the same time, which lets businesses grow without having to hire a lot of extra staff. Talk about getting a lot done at once! People who work in the market can look forward to huge cost savings and efficiency gains that would make a cheetah green with envy as AI keeps performing at a high level. This means they’ll be ready to beat the competition in automatic trading, like a peacock in full flight!
How AI Cuts Market Making Costs: A Comedic Take by Daniel Reitberg
