Artificial Intelligence
With 7.2% CAGR, Algorithmic Trading Market Size Worth USD 3.56 Billion by 2030
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Pune, India, Feb. 20, 2023 (GLOBE NEWSWIRE) — The global algorithmic trading market size was USD 2.03 billion in 2022 and is slated to rise from USD 2.19 billion in 2023 to USD 3.56 billion by 2030 at a 7.2% CAGR during the forecast period. Fortune Business Insights™ presents this information in a report titled, “Algorithmic Trading Market Forecast, 2023-2030.”
Algorithmic trading is a technique for placing buy and sell orders that uses a computer that has been programmed to follow a specific set of instructions for entering a trade to make money more quickly and frequently. Algo trading, automated trading, and black-box trading are other names for it. These algorithms aid in the purchase, creation, and automatic market sending of orders via the brokerage platform.
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Key Industry Development:
October 2021 – Brady Technologies took over Igloo Trading Solutions to boost its presence in the European energy markets. The acquisition benefits energy traders by allowing them to implement more profitable trading strategies through innovative data intelligence and market connectivity.
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR | 7.2% |
2030 Value Projection | USD 3.56 Billion |
Base Year | 2022 |
Algorithmic Trading Market Size in 2022 | USD 2.03 Billion |
Historical Data for | 2019 to 2021 |
No. of Pages | 150 |
Segments Covered | Type, Deployment, End-user and Geography |
Key Takeaways
- Algorithmic trading market size in North America was USD 0.88 billion in 2022
- Major driving factors include low-maintenance, cost-effectiveness and increasing adoption of cloud solutions
- By Type, the stock market segment holds the maximum market share
- Global demand is driven by increasing adoption of short-term traders
- The increasing adoption of cloud based solutions will drive the market in the forecast period, 2023-2030
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https://www.fortunebusinessinsights.com/algorithmic-trading-market-107174
Drivers and Restraints
Rise of AI and ML Across the Financial Sector to Transform Market Outlook
Since algorithms are the most economical for low-maintenance trades, headcount reductions and changes to sales desks have resulted from their use, giving rise to increasing algorithmic trading. The ability to automatically surrender orders to exchanges rather than brokers has been a key innovation in reducing trading costs. These factors drive the market forward.
Contrarily, it is anticipated that the lack of precision and consistency in algorithms may impede market expansion.
Segments:
Stock Market Segment to Capture Major Share Through 2030
The market is segmented into stock market, exchange-traded fund, foreign exchange, cryptocurrencies, bonds, and others. Among these, the stock market segment is likely to capture the maximum market share as it is among the leading asset classes for trading numerous securities.
Demand for Cloud-based Solutions to Surge in the Coming Years
Based on deployment, the market is bifurcated into on premise and cloud. The cloud segment holds the maximum algorithmic trading market share owing to wider adoption across financial institutions.
Short-term Traders to Create Monumental Demand During 2023-2030
In terms of end-user, the market is divided into long-term traders, short-term traders, institutional investors, and retail investors. Among these, short-term traders will generate maximum demand owing to greater, faster profits.
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Regional Insights
North America to Hold Maximum Market Share During the Forecast Period
During the forecast period, North America is anticipated to dominate the market share. The region is a leader in the development and implementation of algorithmic trading solutions, due to the surging number of market players. Large-scale investments in trading technology and better federal support for global trade drive the regional growth.
Meanwhile, the algorithmic trading market growth in Asia Pacific is expanding owing to significant expenditures made by both the public and private sectors to advance trading technology.
Competitive Landscape
Market Players Focus on New Product Launches to Strengthen Market Position
Leading market players are vying to expand market reach by offering solutions tailored to their respective industries. To establish a firm regional foothold, these players strategically collaborate with and take over local competitors. In order gain a wider market share, these companies are focusing on developing innovative products and efficient marketing techniques. The expanding volume of international trade is anticipated to bring about profitable chances for market players.
List of the Companies Profiled in the Report:
- Tradetron (U.S.)
- Tickblaze LLC (U.S.)
- Wyden (U.S.)
- TradeStation (U.S.)
- InfoReach, Inc. (U.S.)
- Symphony (U.S.)
- ALGOTRADERS (U.S.)
- Argo Software Engineering (U.S.)
- FXCM Group (U.S.)
- Tata Consultancy Services Limited (U.S.)
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Major Table of Contents:
- Global Algorithmic Trading Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Stock Market
- Foreign Exchange
- Exchange-Traded Fund
- Bonds
- Cryptocurrencies
- Others
- By Deployment (USD)
- Cloud
- On-Premise
- By End User (USD)
- Short-term Traders
- Long-term Traders
- Retail Investors
- Institutional Investors
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Algorithmic Trading Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Stock Market
- Foreign Exchange
- Exchange-Traded Fund
- Bonds
- Cryptocurrencies
- Others
- By Deployment (USD)
- Cloud
- On-Premise
- By End User (USD)
- Short-term Traders
- Long-term Traders
- Retail Investors
- Institutional Investors
- By Country (USD)
- United States
- Canada
- Mexico
- South America Algorithmic Trading Market Size Estimates and Forecasts, By Segments, 2019-2030
- Key Findings
- By Type (USD)
- Stock Market
- Foreign Exchange
- Exchange-Traded Fund
- Bonds
- Cryptocurrencies
- Others
- By Deployment (USD)
- Cloud
- On-Premise
- By End User (USD)
- Short-term Traders
- Long-term Traders
- Retail Investors
- Institutional Investors
- By Country (USD)
- Brazil
- Argentina
- Rest of South America
TOC Continued…!
FAQs
How big is the algorithmic trading market?
Algorithmic trading market size was USD 2.03 billion in 2022.
How fast is the algorithmic trading market growing?
The algorithmic trading market will exhibit a CAGR of 7.2% during the forecast period, 2023-2030
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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
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Email: [email protected]
Artificial Intelligence
Add Value Machine, ADCB and Amazon Web Services (AWS) Successfully Conclude UAE’s First-Ever Generative AI Hackathon in the Banking Sector
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ABU DHABI, UAE, June 17, 2024 /PRNewswire/ — Add Value Machine (AVM), a leading provider of secure generative AI platforms, and Abu Dhabi Commercial Bank (ADCB), one of the largest banks in the UAE, have successfully concluded the groundbreaking ADCB Generative AI Hackathon. The event, which took place in Abu Dhabi, marked the first time a UAE bank has conducted a hackathon focused on exploring the potential of generative AI in the banking sector.
“We are thrilled to have partnered with ADCB and AWS to host this groundbreaking hackathon,” said John Shaw, CEO of Add Value Machine. “Our secure generative AI platform has enabled ADCB to explore innovative solutions that can drive meaningful business impact across the bank. This event showcases the immense potential of generative AI in the banking sector, and we look forward to working with ADCB to bring the most impactful use cases into production.”
The hackathon brought together nearly 120 participants from ADCB, AVM and Amazon Web Services (AWS) collaborated to structure the event around key business outcomes, focusing on the most relevant ROI generative AI use cases in procurement, engineering, retail banking, and treasury.
Sean Langton, ADCB’s CIO, reflected on the event’s success, stating, “Generative AI is the perfect technology for a hackathon – it has unlimited opportunity to improve our business and customer experience but also presents emerging risks we need to be mindful of. Thanks to our partnerships with Added Value Machine and AWS, we’ve been able to build several AI ‘bots’ in a safe way in just a day. I can’t wait to see the first of these up and running in production in the coming days.”
All use cases developed during the hackathon were built on AVM’s observability, governance and compliance generative AI platform. AVM and AWS are now working closely with ADCB to accelerate the most impactful use cases into production, ensuring that the bank can quickly realize the benefits of generative AI technology.
Ravi Singh, President and CTO of Add Value Machine, expressed his enthusiasm for the collaboration, stating, “It’s inspiring to witness the passion and unity of purpose at ADCB. The combination of visionary leadership and technical expertise has resulted in a thoughtful, measured approach to generative AI adoption. We are proud to be part of this transformative journey.”
ADCB plans to conduct regular hackathons to foster a culture of innovation and explore new applications of generative AI technology across its business operations.
About Add Value Machine:AVM is a leading Generative AI security company that provides 360-degree observability, enabling enterprises to monitor all of the Generative AI usage no matter where it happens. The accelerated use of generative AI at large corporations has also accelerated customer data leakage and presents new challenges for companies looking to maintain security compliance. At AVM, we believe that the accelerated adoption of Generative AI needs the strict adoption of advanced security protocols.
Contact:Julie [email protected]
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Artificial Intelligence
Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace
![altair-one-cloud-innovation-gateway-now-available-on-google-cloud-marketplace](https://roboticulized.com/wp-content/uploads/2024/06/150235-altair-one-cloud-innovation-gateway-now-available-on-google-cloud-marketplace.jpg)
Addition will expand access to Altair’s digital engineering experience
TROY, Mich., June 17, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One®, Altair’s cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities.
Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust HPC backbone, Altair One provides seamless, unified access to tools, data, and computing resources while unleashing the power of artificial intelligence (AI) across every step of the product development life cycle.
Google Cloud Marketplace customers can now leverage Bring Your Own Cloud (BYOC) functionality to run Altair simulation, AI, and data analytics applications.
“The integration of Altair One with the Google Cloud Marketplace empowers Google Cloud users to effortlessly unlock a world of innovative solutions. This collaboration will fuel engineering breakthroughs with the power of Google Cloud’s adaptable, flexible, and scalable cloud infrastructure,” said Sam Mahalingam, chief technology officer, Altair. “This integration aligns perfectly with our core mission of equipping businesses for digital success and making powerful software solutions readily accessible to users.”
“Bringing Altair One to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, managing director, Marketplace and ISV GTM Programs, Google Cloud. “Altair can continue to securely scale and support customers on their digital transformation journeys.”
Altair One is the gateway that empowers organizations to mature into digital enterprises by breaking down data silos, connecting virtual models, optimizing their compute infrastructure, and digitizing key processes. It provides all the tools to create a “One Total Twin” of a product throughout its lifecycle, “One Traceable Thread” connecting all data stages, and a “Single Source of Truth” for all models and data. This all-in-one platform automates data capture, empowers better decision-making, enhances performance management, and ultimately accelerates engineering processes for a seamless digital experience.
To learn more, visit https://console.cloud.google.com/marketplace/product/altair/altair-one-private?hl=en&project=altair-public.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
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Artificial Intelligence
IBS Software Announces Appointment of New Chief Executive Officer Somit Goyal
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DUBAI, UAE, June 17, 2024 /PRNewswire/ — IBS Software, a leading SaaS solutions provider to the travel industry globally, has appointed Somit Goyal as its new Chief Executive Officer (CEO), effective immediately. Somit succeeds Anand Krishnan, who served as CEO of IBS Software since 2018.
Somit Goyal brings a wealth of experience in the enterprise software sector, having held leadership roles at globally renowned companies such as Microsoft, SAP, Oracle and AOL.
During his 11-year tenure at Microsoft, Somit held several leadership roles across strategy, operations, sales and customer success. In his last role, he managed the global sales of Microsoft’s Modern Work cloud business, and before that, Somit served as the Chief Operating Officer of Microsoft’s Public Sector business worldwide. Somit also conceived and established the Customer Success function at Microsoft, an area of growing importance for IBS Software as it continues to expand globally.
Most recently, Somit served as President and COO of Pluralsight, a SaaS company, where he oversaw product, engineering and GTM functions.
“Somit’s impressive experience in operating global SaaS businesses, leading diverse teams, and managing all facets of enterprise software make him exceptionally well-suited to lead IBS Software during this exciting phase of growth,” said V K Mathews, Executive Chairman of IBS Software. “IBS Software is at a pivotal point in its trajectory as we continue to innovate to better serve our customers. I am confident Somit will help unlock our full potential.”
With a comprehensive portfolio of modular, cloud-based solutions purpose-built for the travel industry, IBS Software helps travel companies accelerate innovation and drive efficiency across a broad set of core business processes, including passenger services, flight operations, cargo and logistics, loyalty management, cruise operations, energy & resource logistics and hospitality businesses.
“With a broad portfolio of industry leading products, marquee customers and a talented team, with deep domain expertise IBS Software stands at the forefront of travel industry innovation. I couldn’t be more excited to join IBS Software and help lead it through its next exciting chapter.” said Somit Goyal, who holds an electrical engineering degree from the Indian Institute of Technology (IIT) in New Delhi, India and an MBA from INSEAD, France.
Somit will report directly to IBS Software Executive Chairman V K Mathews.
ABOUT IBS SOFTWARE
IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call centre, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.
Further information can be found at www.ibsplc.com Follow us: Blog | Twitter | LinkedIn | Facebook | Instagram
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