October 18, 2023 (NO COMMENTS)
JP Morgan has phased out a model that leverages machine learning technology for foreign exchange algorithmic execution, citing issues with data interpretation and the complexity involved. The US bank had implemented what it calls a deep neural network for algo execution (DNA), which uses a machine learning framework to optimise order placement and execution styles to minimise market impact. Launched in 2019, JP Morgan said at the time that the move would replicate reinforcement learning