ICE: LLMs drove 60% increase in ICE Chat trades
The exchange revealed it has been working with LLMs for a decade to drive automation around its messaging platform. Now, it’s looking for more uses across all asset classes.
Intercontinental Exchange has seen a 60% increase in the number of transactions executed via its ICE Chat messaging platform as a result of refining proprietary large language models that help automate trading over the platform.
“We’re seeing good demand for adoption of our proprietary LLMs, and we are seeing the effect of that not just in our data services revenues, but also in other segments, such as energy trading,” said Lynn Martin, president of NYSE and chair of ICE’s Fixed Income & Data
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