Tag: AI

Refinitiv found 44% of sell-side firms had deployed artificial intelligence and machine learning in multiple areas, compared to just 28% of buy-side firms.

Former sales trader and industry veteran, Alexandra Foster, now director of insurance, wealth management and financial services at BT, outlines the impact of technology on trading processes. 

Known as Aiden, the AI-powered execution platform from RBC Capital Markets uses deep reinforcement learning techniques to adapt to market conditions.

At a time of unprecedented market volatility, Bank of China said its DeepFX app will provide traders with key insights on major currency pairs.

Report from TABB Group suggests competition in AI algorithms is heating up, with sell-side firms urged to keep up with new technologies.

Investment management firms have been warned by the FCA that further adoption of technologies to facilitate trading presents various risks. 

Surveillance of markets at SGX will be upgraded to include AI allowing the exchange to filter out noise and hone in on potential unusual trading activity.

Professor at the Hong Kong University of Science and Technology, Chak Wong, has been hired by JP Morgan to lead the new team of machine learning engineers.

Nasdaq plans to extend the upgraded AI-powered surveillance system to clients and regulators globally.

Panel of buy-side practitioners at this year’s TradeTech FX Europe conference dispel the myths of prevalent use of AI but emphasise work around bringing data up to scratch.