ING to Expand AI in Bond Trading – Markets Media
December 15, 2017 \ 1 Comment
Full Article: Markets Media
In addition to providing traders with a visualization of relevant historic and real-time data, Katana’s algorithms provide forward looking predictions of the price that will win an RFQ within a certain confidence range. Future developments include being able to price within Katana.
“Braje continued that clients are sending electronic RFQs more often and for smaller sizes. It is also easy for them to invite more dealers to participate so there is more competition” “Brahe continued that the tool allowed faster pricing decisions for 90% of trades, a 25% reduction in trading cost and that traders were able to offer the best price four times more frequently.” My curiosity lies in the following. If they are answering and winning smaller and smaller RFQs that are more and more in comp, what is the profitability generated by these trades for the whole life cycle… Read more »
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