Can Computer Algorithms and AI disrupt the Physical Commodity trading Industry? Recently accepted an offer at a firm where the average tenure is 17 years in the same position doing the same thing (getting paid well as you build your book) and I am worried I will get midway through my career with no applicable skills if AI sweeps in. Granted it is a relationship business working with suppliers of the commodity and customers but is there a way that the industry can be disrupted?
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Please keep in mind that this firm does not use futures to speculate. It market makes between the producer and the consumer who physically take possession of the product
I would be more concerned about narrowing spreads/margins for pure trading houses than ai taking jobs.
Good luck getting AI to bribe an oil minister of a small African nation or handle rejected cargoes due to impurities, or deal with a shipping accident.
But in all seriousness, spreads are getting tighter on the screen and it is getting harder and harder to trader paper commodities but there is still money to be made in the physical realm. Technologies such as block-chain and tracking software will be more common place to help traders track commodities and their custody chain as well as to gather info and data, but I don't think AI will be replacing physical traders any time soon.
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