algorithmic trading

Bots is the shortened form for technical robots, alternatively called trade algorithms. In trade parlance, they are computer programs that can trade directly to human counterparts. They can also perform other functions like a normal trader like arbitrage, market making, and the like. To learn more read this.

The chess magnate Gary Kasparov's career went downhill when he faced his greatest nemesis - Deep Blue. And were not even talking to a human player but a chess software that made the giant fell on his knees. Truly, artificial intelligence is a force to reckon with not just with sports but with gambling, and now in stock trading. These trading robots are known as "bots."