Citibank Goes Neural In London Annual Return Of 20-30 Percent?


The day when trading in the financial markets will consist of one computer trying to outwit another are still a long way off. But Citibank is heading in that direction. At the bank's investment unit in London, foreign exchange dealer Andrew Colin has begun using a neural network for just this purpose, and has begun making actual trades based on those recommendations.

According to Colin, simulated trading of three currency pairs -- dollar/sterling, dollar/Swiss franc and dollar/ Yen -- began i