Asset manager Franklin Templeton and Microsoft are collaborating to develop a platform for financial services that uses artificial intelligence (A.I.) technology to initially improve the productivity of the firm’s sales and marketing teams and to foster personalized services for clients. The new A.I. platform to come will use Microsoft Azure A.I. services such as Azure… Read More >>
LLM & Ops: A Marriage Made in Heaven?
I have often had moments when I am working on a story when a source dives into a great subject that I cannot incorporate into the story that I have planned. Such was the case for the story I just filed about Gresham Technologies and its strategic alliance partner Cognizant Technology Solutions, and how they… Read More >>
Gresham Applies A.I.-ML Breakthrough to Trade Breaks
Necessity is still the mother of invention especially when it comes to applying artificial intelligence (A.I.) and machine learning (ML) to the investigation of trade breaks as Gresham Technologies has learned. By using A.I. & ML to investigate and then learn from trade breaks, a Gresham client facing repetitive trade breaks has had a 66… Read More >>
Shrinking Bonuses Pale in Comparison to the A.I. Threat
Many Wall Street participants, including middle- and back-office teams, are getting ready to celebrate a variety of spring holidays with the added bonus of a real bonus for their efforts last year. However, some may find that their bonuses have shrunk compared to last year. What may be more disturbing, though, is that a prominent… Read More >>
CQG Toolkit Helps Predict Futures Market Moves
CQG has unveiled a predictive trading model toolkit that applies machine learning (ML) technology to live data and is intended to help traders better manage strategies and positions. The announcement follows what CQG officials say was a successful, “first-of-its-kind” proof-of-concept (POC) testing effort, and then a reality check in a live-trading environment. In the live… Read More >>
A.I.’s Benefits for T+1 Are Within Reach
Artificial intelligence (A.I.) has the potential to automate tasks and boost operational efficacy within post-trade operations impacted by the transition to T+1. Accenture calculates A.I. could deliver a 30 to 40 percent improvement in efficiency within post-trade operations impacted by the move from T+2 to T+1 in May for the U.S., Canada, and Mexico. Meanwhile,… Read More >>
CFTC Asks for Input on A.I. & Derivatives
The Commodity Futures Trading Commission (CFTC) wants input from derivatives industry participants about the ways artificial intelligence (A.I.) might impact them. The regulator’s Divisions of Market Oversight, Clearing and Risk, Market Participants, and Data and the Office of Technology Innovation sent out a request for comment (RFC) “to better inform them on the current and… Read More >>
Broadridge Applies A.I. to the Post-Trade Lifecycle
Broadridge Financial Solutions is launching what it is calling “a holistic natural language interface” that will reach across the post-trade lifecycle to help operations staff members, analysts, and management teams interrogate and revamp operations via the capabilities of artificial intelligence (A.I.). This new capability has been branded OpsGPT and is based on Generative A.I. (GenA.I.)… Read More >>
FinTech Brief: Rimes Launches Lab for A.I. Prototypes
Enterprise data management (EDM) provider Rimes has launched an A.I. Lab to be managed by Theo Bell, the provider’s newly appointed head of A.I. product, officials say. The Rimes A.I. Lab is “a dedicated environment where the Rimes product engineering team, in collaboration with clients, can prototype new ideas and applications using proven A.I. [artificial… Read More >>
SS&C Makes A.I. Part of the Ops Landscape
Artificial intelligence (A.I.) technologies appear to be hitting their stride with securities operations systems and services as SS&C Technologies, a major Ops provider, is showcasing offerings that make use of these cutting-edge technologies. The new and upgraded solutions are being announced and/or demonstrated at the SS&C Deliver conference, October 22-24, at JW Marriott in Austin,… Read More >>
