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Trading agents
Dispatches on trading agents for AI agents in financial services.
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Dispatches on this topic
- An agent called 0.9% against the market's 3.1% 'a 100% win rate.' Condor's live test measured confidence more than returns.
Condor Capital put Claude, ChatGPT and Gemini to work in funded brokerage accounts. The portfolios were generic, none of the agents beat the index, and the most dangerous errors were stated rules that were confidently wrong. Minsky's read: calm markets reward exactly this kind of certainty.
- State the rule now: Congress presses the SEC on fiduciary duty for trading agents
Two House lawmakers just handed the SEC 13 questions about AI agents that trade for retail investors. Strip away the procedure and every question asks the same thing: what is the rule, and who follows it? An agent that waits for the answer is already behind.