Former
Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined
Amber Group, a Shenzhen-based cryptocurrency company.
As Bloomberg reported
on Aug. 23, Wang will operate out of Vancouver as the head of Americas
for Amber. According to the article, he previously worked at Morgan
Stanley with four out of the five Amber’s founders, and two of them —
Wayne Huo and Tony He — used to report directly to Wang.
No rest for the crypto market
This
decision reportedly bought Wang back to work after taking the past
three years off. He explained that the idea of a fast-growing nascent
industry where his experience will be useful is what convinced him to
join Amber, adding:
“As the more mature traditional
markets are continuing to see compressed margins and moving to
automation, the crypto financial market is still in its infancy.”
Artificial intelligence for trading
Amber
Group reportedly started in 2015 as a side project for four traders at
Morgan Stanley — Michael Wu, Tiantian Kullander, Huo and He — and
Bloomberg LP developer Thomas Zhu. They began working on the project
full-time in 2017. Amber’s aim is to explore machine learning for
trading.
As Cointelegraph explained
in a dedicated article published in November last year, artificial
intelligence and machine learning could help various trading bots to
constantly evolve and develop.
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