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Minds and Machines

, Volume 27, Issue 4, pp 609–624 | Cite as

Ethical Issues for Autonomous Trading Agents

  • Michael P. Wellman
  • Uday Rajan
Article

Abstract

The rapid advancement of algorithmic trading has demonstrated the success of AI automation, as well as gaps in our understanding of the implications of this technology proliferation. We explore ethical issues in the context of autonomous trading agents, both to address problems in this domain and as a case study for regulating autonomous agents more generally. We argue that increasingly competent trading agents will be capable of initiative at wider levels, necessitating clarification of ethical and legal boundaries, and corresponding development of norms and enforcement capability.

Keywords

Autonomous agents AI ethics Financial trading 

Notes

Acknowledgements

Based on motivations and developing concepts of our ongoing project “Understanding and Mitigating AI Threats to the Financial System”, supported by a Grant from the Future of Life Institute.

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Copyright information

© Springer Science+Business Media Dordrecht 2017

Authors and Affiliations

  1. 1.University of MichiganAnn ArborUSA

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