Robot Autonomy and the Future of Securities and Commodity Exchanges
Overview
Robot autonomy is gaining traction in fields like securities and commodity exchanges, where rapidly processing complex data and executing trades is crucial. Incorporating robots can result in a substantial increase in efficiency and accuracy. This guide explores the impact of robot autonomy on these sectors, detailing the interplay between automation, market trends, and future possibilities. The role and offerings of 3Laws Robotics, a company focused on enhancing safety and reliability for robotic systems, are also illuminated. This guide references statistics showing the rise of robotic process automation (RPA), potential efficiency gains, and the market growth projected for AI in financial markets.
Robot Autonomy in Securities and Commodity Exchanges
With an estimated 85% of all trading being automated as of 2020, robots are playing a significant role in securities and commodity exchanges. Advanced algorithms and artificial intelligence (AI) allow these robotic traders to process vast volumes of information at incredible speeds, far surpassing human capabilities. Gartner predicts that, by 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset, necessitating superior data processing abilities. Robot autonomy provides the necessary prowess, resulting in greater market efficiency, enhanced profitability, and improved response to market shifts.
Market Trends and Robot Autonomy
Current market trends indicate a steady rise in the adoption of robot autonomy. Driven by technological advancements and the quest for improved operational efficiency, the global Robotic Process Automation (RPA) market size is projected to reach US $3445.4 million by 2026, with a significant portion attributed to the financial sector. The ability of autonomous robots to perform complex tasks with precision, handle high-volume, repetitive tasks efficiently, and operate without fatigue are compelling factors for their widespread adoption in securities and commodity exchanges.
The Future of Securities and Commodity Exchanges
The future of securities and commodities exchanges will be largely shaped by autonomous robots and AI. According to Deloitte, the market for AI in the financial market is expected to reach US $7.6 billion by 2022. AI-powered robotic traders will not only execute trades but also make intelligent decisions based on advanced data analysis. This could revolutionize trading, making it more precise, faster, and economical, and potentially leading to increased market liquidity and reduced spreads.
Key Takeaways
- Robots presently perform an estimated 85% of all trading, paving the way for broader adoption.
- By 2022, information as a critical asset will be explicitly indicated in 90% of corporate strategies.
- The global RPA market may reach US $3445.4 million by 2026, fueled by increased adoption in the financial sector.
- AI in the financial market is predicted to escalate, reaching US $7.6 billion by 2022, and facilitating a smarter and faster marketplace.
3Laws Robotics: Enabling Safer and Reliable Robot Autonomy
As the significance and role of robot autonomy continue to evolve in securities and commodity exchanges, safety and reliability become paramount. 3Laws Robotics is poised to address these needs through its innovative software offering. The 3Laws Supervisor software leverages Control Barrier Functions (CBFs)—a technology pioneered by Caltech—to provide mathematically provable safety and ease the certification process, essential for robust operation.
3Laws' technology facilitates operational efficiency in various environments, from warehouse automation to dynamic settings that require quick, real-time reactions. This adaptative technology also supports different platforms, including mobile robots, drones, and cars, operating harmoniously with well-known robotics middleware such as ROS and ROS2. With its proactive approach to safety, 3Laws is the next-generation solution for realizing the full potential of robotics in securities and commodity exchanges while maintaining the highest level of safety and certification standards.