Steps Ahead
AI in FX: Hype or High-Performance?
AI is following hot on the heels of automation, playing a game-changing role in foreign exchange trading. The FX market – which generated ADV USD 5.1 trillion in 2016 – soared to USD 6.6 trillion in 2024. And now AI is poised to supercharge this growth even further.
But as Celent stated in a recent report: “The initial excitement surrounding generative AI has given way to a more focused approach, as financial institutions now prioritize practical applications and sustainable growth strategies while continuing to innovate with this transformative technology.”
Rather than viewing innovation as a ‘nice to have’ expense, firms are increasingly looking to new technologies like AI to drive the efficiency and cost-effectiveness of their operations, with a laser focus on ROI for any new solutions they deploy.