Quantum computing via cutting-edge hardware and algorithms is coming and there will be more hype as it gains ground in financial markets. First, a definition from IBM: “By taking advantage of quantum physics, fully realized quantum computers would be able to process massively complicated problems at orders of magnitude faster than modern machines. For a… Read More >>
BondWave Bolsters Liquidity Access to ICE Bonds & Other News
BondWave Builds New Links to ICE Bonds Fixed income solutions vendor BondWave reports that has much more tightly integrated its Effi Markets with the transaction platforms of ICE Bonds, part of the Intercontinental Exchange, so that Effi users can have better access to liquidity pools and execution protocols. “BondWave and ICE Bonds have enjoyed a… Read More >>
Did Compliance Pass the Test of Remote Traders?
The pandemic-induced lockdown put compliance systems to the test for many financial services firms because so many employees, including those on the trading floors, were suddenly working from home and more vulnerable to attack. At the same time, the pandemic put on hold cutting-edge, emerging technologies and their usefulness for compliance as firms braced themselves… Read More >>
RBC Capital Markets Launches AI-Based Trading Platform
‘Aiden’ Yields Solution to Cut VWAP Slippage Securities traders at RBC Capital Markets and scientists who specialize in artificial intelligence (AI) at vendor Borealis AI have been collaborating to deliver Aiden, an AI-based electronic trading platform that exploits “deep reinforcement learning” to facilitate better trading results and insights for clients, officials say. “In doing so, both… Read More >>
SmartStream Embraces AI Algorithms for Recs
Timed for the SWIFT Sibos exposition and conference this week in London, SmartStream Technologies has launched a cloud-based offering, SmartStream Air, that the vendor says reconciles complex sets of data in seconds with the help of artificial intelligence (AI) algorithms. The new offering, developed via the SmartStream Innovation Lab, can “auto-configure reconciliations of any data… Read More >>
Electra Reconciliation Update Will Use ML: Q&A
(Electra Information Systems, Inc., a provider of reconciliation and other post-trade solutions, won the 2019 FTF News Technology Innovation award for Best Reconciliation Solution, its fourth consecutive win in this category. FTF News got time with Todd Sloan, senior vice president, business development and product management for Electra. Sloan joined Electra in 2003 as a… Read More >>
Money Laundering Analysis Needs AI & ML: Q&A
(Editor’s note: False positives are a problem for financial services firms implementing know your customer (KYC) and anti-money laundering (AML) systems, says Arin Ray, a senior analyst with the Securities and Investments practice of market research firm Celent, a division of Oliver Wyman. Ray is the author of the recent Celent report, “Applying Advanced Analytics… Read More >>
Calypso & AI Vendor Target Back Office Ops
Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
Legacy IT Puts the Brakes on AI: Report
According to a recent survey, Wall Street’s financial technology end-users are increasingly turning to AI, or artificial intelligence (also known as machine learning), to transform their operations through algorithms and computer code. That is one of the bottom-line findings from the “2019 Artificial Intelligence Outlook,” a survey conducted by Broadridge Financial Solutions Inc. Another survey… Read More >>
Pershing Clients to Get Help with Digital Moves
BNY Mellon’s Pershing will be launching initiatives this year to help its clients speed up their digitization of business models and thus update how they interact with Pershing’s services — all for a more efficient and better client experience, officials say. Pershing and its affiliates offer clearing and custody, investment and retirement solutions, technology, enterprise… Read More >>
