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AI in Markets Benchmarks

AI Agents and Automation in Markets Statistics

About 37% of US equity volume ran through algorithms in 2023, and regulators at the IMF and FSB treat that figure as a systemic-risk variable, not just a market-structure stat. Each figure below names its source and year; none was generated by this site. The Coalition Greenwich data and the regulatory warnings are primary sources. Market-structure shares shift with how 'algorithmic' is defined, so the relevant figure is reported with its source's own definition.

By AI Fin Hub Research · AI Fin Hub Team

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The numbers worth quoting

1

About 37% of overall US equity volume was executed through algorithms and/or smart order routers in 2023, up from 35% the prior year

The figure reflects buy-side execution channels as measured by Coalition Greenwich in a January 2024 release. Measures of 'algorithmic' share differ across studies depending on what is counted.

Source Coalition Greenwich, US Equity Markets research
2

Among the most active institutional traders, about 59% of flow by notional value was channeled through algorithms

Algorithmic share is markedly higher among the heaviest traders than the market-wide average, indicating automation concentrates among the most sophisticated participants.

Source Coalition Greenwich, US Equity Markets research
3

Buy-side firms projected algorithmic trading to reach about 40% of volume within three years

The projection is the surveyed managers' own expectation of a continued upward trend, with crossing-network use also expected to rise.

Source Coalition Greenwich, US Equity Markets research
4

The IMF warned that AI-driven trading can amplify market volatility and increase the speed and correlation of asset-price moves

The Fund flagged that wider AI adoption could deepen flash-crash dynamics and herding while also improving liquidity provision in normal conditions, a two-sided assessment.

Source International Monetary Fund, Global Financial Stability Report (October 2024)
5

The FSB identified market correlations from common AI models as a channel that could increase systemic risk

The FSB noted that institutions running similar AI systems could behave in a synchronized way, raising the risk of correlated moves and herding in stressed markets.

Source Financial Stability Board, The Financial Stability Implications of Artificial Intelligence
6

On the FinBen financial benchmark, leading LLMs performed well on extraction and analysis but struggled with forecasting and decision-making tasks such as stock trading

FinBen evaluated 15 LLMs across 24 tasks and was the first benchmark to include stock-trading evaluation, finding agentic market tasks among the hardest, which tempers expectations for autonomous trading agents.

Source Xie et al., FinBen: A Holistic Financial Benchmark for Large Language Models

Key Takeaways

Automation already executes a large share of US equity volume, with Coalition Greenwich putting algorithms at about 37% in 2023.
Algorithmic share is highest among the most active institutional traders, near 59% of their notional flow.
Regulators (IMF, FSB) warn AI-driven trading can amplify volatility, correlation, and herding.
LLM benchmarks find forecasting and trading decisions among the hardest tasks, limiting autonomous-agent claims.
Market-structure 'algorithmic share' figures depend on definitions, so compare like-for-like sources.

Methodology

Figures are drawn from named research (Coalition Greenwich), regulator reports (IMF, FSB), and a peer-reviewed benchmark (FinBen), each reported with its source and year. Market-structure shares reflect the source's own definition of algorithmic execution. No statistic on this page is derived from data collected by this site.

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Planning estimates only — not financial, tax, or investment advice.