What Have Manchester United, HFT And Deep Learning Got In Common?

Gaurav Chakravorty, co-founder of AI investment advisors qplum, likes to use sporting analogies to illustrate changing trends within finance. The way high frequency trading (HFT) seemed to work like magic in the old days reminds him of Manchester United under Sir Alex Ferguson. Between 1993 and 2013 Manchester United won the English Premier League 13 times, an incredible record. The truth was Ferguson used a machinery that other clubs had not yet happened upon. He would scout clubs in Europe for talented youngsters and be willing to pay top dollar for young stars without a proven track record at a big club.