Machine Learning will Create New Sales Bots on Trading Desks
Technologists are working to automate indications of interest from trading desks, according to UBS’s head of machine learning.
Trading is moving to a point where there is almost no human involvement, as market participants employ algorithms that generate – and respond to – indications of interest (IOIs), according to Giuseppe Nuti, head of machine learning at UBS.
“I imagine that in the next few years, we’re going to see a lot more approaches coming up. So much so that it will even be algorithmic-to-algorithmic IOIs, almost removing the human component,” Nuti said.
Market-makers issue IOIs, or ‘axes’, to signal
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Front-Office Tech
Waters Wavelength
Waters Wavelength Podcast: Episode 254 (Heads in the cloud)
This week, Tony and Shen talk about how firms approach cloud migration projects.
Subscribe to Weekly Wrap emails
Most read
- The surprising industries luring data talent away from Wall Street
- Waters Wrap: Ion’s fixed income EMS & how tech development theory is changing
- Waters Rankings 2022 Winner's Interview: S&P Global Market Intelligence (Performance and Attribution)
- Retooling repo: How Broadridge, Bloomberg, Tradeweb, and JP Morgan are modernizing repurchase agreements
- Messy MBSs? Startup uses deep learning to predict mortgage-backed securities markets