Algorithmic Trading: Wisdom Of The Crowd vs. Algorithmic Trading

“One of the biggest advantages of algorithmic trading is the ability to remove human emotion from the markets, as trades are constrained within a set of predefined criteria. This is an advantage because humans trading are susceptible to emotions that lead to irrational decisions. The two emotions that lead to poor decisions that algorithmic traders aren’t susceptible to are fear, and greed.”

“Advantages of Algorithmic Trading,” NASDAQ


  • What is the wisdom of the crowd?
  • How can the crowd misdirect investors?
  • How does algorithmic trading address the dangers of “following the herd”?

What is the “wisdom of the crowd”?

Could a crowd, provided that it is large and diverse enough, produce en masse an estimate that outperforms that of an individual expert? American journalist James Surowiecki would

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Drying Out Dark Pools and Forecasting Trading Volume


This article was written by Julia Masch, a Financial Analyst at I Know First.



  • Trading Volume Definition
  • Delving Into Dark Pools
  • In The I Know First Pipeline: Forecasting Trade Volume

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Growing Rich 2.0: AI-Based Tools For Wealth Managers

I Know First Research Team LogoThis article was written by the I Know First Research Team.


  • Wealth management industry is disrupted by the rise of AI.
  • New machine-learning based strategies challenge the conventional approaches and dogmas of the sphere.
  • Rather than competing with the machines, wealth managers need to embrace them as a new tool in their arsenal.

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Neural Networks Pave a Way in Finance

This article was written by Megan Gomberg, a student at the University of Illinois.

When I think of neural networks, I typically begin to picture a stream of fast-moving neurons all around the brain. How these neurons interact with each other and the surrounding cells effect our everyday constant decisions and actions taken each day. The neural network system that relates to finance consists of a certain artificial intelligence sequence that attempts to mimic the human brain. 


What it is: 

Neural Networks are computing systems with interconnected nodes that work

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Big Funds, Bigger Data: 5 Companies That Utilize AI In Wealth Management

This article has been written by the I Know First Research Team.

Wealth management, the trade and art of, in absolute terms, increasing the client’s affluence through a variety of investment-related services, is reshaping itself as the new era comes knocking at the door – and with it, come the high-net-worth individuals (HNWIs) of the millennial generation, with their taste for all things high-tech and an individualist attitude. But while this new clientele, along with other features of this day and age, be it the abundance of buzz to navigate around when developing tailored investment solutions

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Artificial Intelligence: How Modern Financial institutions Use AI?

This article was written by Graham Ellinson, a Financial Analyst at I Know First.


How Modern Financial institutions Use AI?

“Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we'll augment our intelligence.” — Ginni Rometty


  • The original use of AI by Banks was for fraud detection.
  • Aside from fraud detection many financial institutions have been slow to implement AI.
  • The UK bank Barclays have started experimenting with AI after becoming the flagship customer of AI simulation firm Simudyne Technology.
  • I Know First are unique: providing an AI product that boasts successful performance in daily market forecasting and wealth management solutions.

Artificial Intelligence is a word that gets thrown around a lot these days. Especially with the entrance of AI into the home with the likes of Amazons Alexa and Apples Siri it is now something that regular consumers interact with on a day-to-day basis. What this means is that it can lead to common misconceptions about AI and its uses. To some it is a smart assistant to others it is that annoying machine who answers the phone when you call customer services. However, AI has a wide range of uses and surprisingly in some cases still limited.


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AI Wealthtech: Ten Key AI Terms and Their Applications in the Wealth Management Industry

Source: Wikimedia Commons

Artificial Intelligence

Artificial intelligence (AI) is a branch of computer science that aims to create intelligent machines that can think and learn for themselves. In 1950 when computers where just starting Alan Turing was asking the question “can machines think?” This question is still debated to this day but there is little doubt that Turing would be incredibly impressed with modern computing and what it has achieved in this field.

Modern AI is able to beat grand masters in chess and be used to predict financial markets. The term is still pretty loose with no real set of clear boundaries defining it but any machine that is able to think intelligently and learn is generally considered to be an Artificial Intelligent machine.

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