NatWest Markets to Expand Chatbot for IRS Trade Execution
The investment bank is upgrading its chatbot in response to user demand for more capabilities.
NatWest Markets will update its Scout digital assistant to be able to automate trade execution for interest rate swaps (IRS).
“We will initially focus on sterling, and then follow with euros and US dollars,” says Matt Harvey, head of fixed-income client execution platforms and digital sales at NatWest Markets. The move is in response to client demand, he adds.
Scout already does level checks and execution for cash rates, investment grade credit bonds and asset swaps, but hasn’t yet been able
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