Tora Targets Best Execution with AI-Powered Algo Picker

AlgoWheel will use machine learning to determine best method of execution.

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The platform takes information from Tora’s existing post-trade transaction-cost analysis (TCA) tool, feeding it into its new pre-trade TCA engine. From there, it uses artificial intelligence (AI) functionality built into the system to evaluate the appropriate method of execution using similar historical activity as a benchmark.

“We have a dataset of historical transactions that Tora collects and processes via the execution management system functionality that we have, then we have a TCA engine

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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