As you see, automation of trading is limited in the OTC derivatives market. Trading systems for foreign exchange. Among financial products, foreign exchange probably has recorded the most dramatic shifts in trading mechanisms in the last few years. The volume of foreign exchange traded through electronic brokering systems has grown rapidly and now accounts for some three-quarters of the trading in major markets.
Here I will point to what has in the past seemed to be a relationship between inflation and unemployment, known as the Phillips curve. Over the past several decades, despite large swings in unemployment, inflation has been extremely stable.