000			01465cam a2200181 4500500
005			20251214032450.0
041			_afre
042			_adc
100	1	0	_aAdrian, Tobias _eauthor
700	1	0	_aMosk, Benjamin _eauthor
700	1	0	_aWu, Jason _eauthor
245	0	0	_aThe Future of AI in Capital Markets
260			_c2025.
500			_a93
520			_aGenerative artificial intelligence (Gen AI) is starting to more significantly impact capital market trading activities, on the heels of the broad deployment of machine learning that has already revolutionized trading over the past two decades. The impact of Gen AI is characterized by its ability to process vast amounts of data, allowing market participants to translate new information quickly into price signals. While many current changes appear more evolutionary, more revolutionary shifts may emerge, potentially catching policy makers off guard. Gen AI can amplify existing risks but can also introduce entirely new risks. Rapid adoption could challenge whether existing surveillance and regulatory frameworks are sufficient. However, AI could also help regulators keep pace with growing market complexity, though skill gaps may hinder SupTech adoption. JEL classification: G11, G12, G14.
786	0		_nRevue d'économie financière | 159 | 3 | 2025-10-09 | p. 139-163 | 0987-3368
856	4	1	_uhttps://shs.cairn.info/journal-revue-deconomie-financiere-2025-3-page-139?lang=en&redirect-ssocas=7080
999			_c1575343 _d1575343