AI-powered trading solutions provider, BTON, is gearing up for a US launch on Monday, The TRADE has learnt.
Daniel Shepherd
BTON joins the dots between TCA and order routing and its AI-powered broker recommendation system transforms the traditional broker selection process by leveraging advanced neural network algorithms to predict slippage and dynamically match orders to the optimal broker.
BTON’s users gain immediate access to cutting-edge technology and a continuously improving system powered by aggregated, anonymised insights from across their client base.
Speaking to The TRADE about the firm’s imminent North American launch, Daniel Shepherd, chief executive of BTON, said: “The industry has collectively come to the conclusion that AI is going to revolutionise workflows and optimise outcomes.
“When it comes to talking about the big AI changes set to take place, no one wants to be in a position down the line where they have to say ‘I stood on the side lines and waited to see what would happen,’ they want to be part of it. In the US there’s a real level of optimism in this space, so we’re very excited to be part of this and the opportunities arising there.”
Read more: OptimX and BTON partner on AI analytics for block liquidity
As well as its US launch, next month BTON – in collaboration with AI-focused firms MindfulMarkets.AI, Imandra, SIGMA Financial AI, and Gamma Zulu – is launching AI-focused capital markets forum ‘Innovation, Collaboration & Future of AI in Trading’ on 6 February.
Important market developments, including the UK’s recently published AI action plan, has expedited the need to assess how future adoption of the technology could look and the roundtable is set to examine just this.
“It will be a dynamic, interactive discussion on the future of AI in trading, exploring the immediate opportunities and the strategic pathways needed to integrate into trading workflows. Most importantly, focusing on the essential need for collaboration among traders, fintech innovators, vendors and liquidity providers globally to reap the benefits of using AI,” explains Paul Brennan, chief strategy officer at Imandra.
This event has come off the back of conversations with the UK government department for business and trade, The TRADE understands.
It is set to gather twenty industry experts from across the buy- and sell-side, exchanges, and fintech firms for the discussion – held at the British Consulate Residence in New York.
AI is not a niche sport. It’s about mass participation, bringing together collaborative ideas,” Andrew Simpson, chief executive of SIGMA Financial AI, tells The TRADE.
“It’s about organising ourselves so we can compete with firms who already have economies of scale. Partnerships and collaboration, especially in light of more of us opening up into new markets, is more important than ever. We wholeheartedly support this approach.”