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

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