"Banks hired wrong people," ex-JPM electronic trading chief

Sameer Gupta knows about electronic markets. The former COO for J.P. Morgan's global electronic equities trading and Americas high touch and program trading business has been steeped in trade mechanization since graduating from Carnegie Mellon University in 2003. He's worked as a programmer at Goldman, a business development executive at NYSE Euronext and an electronic trading implementer at J.P. Morgan. Now, he's C.O.O. of iSentium, a company that uses intelligent algorithms to turn social media sentiment into tradeable data. And he says banks are getting their approach to artificial intelligence (AI) all wrong.