More than half of institutional traders surveyed by JPMorgan Chase & Co. said artificial intelligence (AI) and machine learning would be the most influential technology to shape trading methods over the next three years. AI was cited in the survey four times more than blockchain and distributed ledger technology.

The findings were published in the financial services giant’s January e-Trading report, an annual assessment of sentiment across different asset classes that had responses from 835 institutional traders in 60 global markets. 

AI outpaced every other major technology category in the survey, with 53% citing it the most influential, far ahead of blockchain at 12% and mobile apps at 7%. That contrasts with 2022 when blockchain and AI tied for second with 25% of respondents predicting them to be the key emerging technologies. Mobile trading applications came in first last year at 29%. 

(By DYLAN BUTTS)