Best execution in fixed income through AI
To achieve best execution in fixed income, artificial intelligence tools are being developed that can interpret massive data sets. Dan Barnes reports.
Best Execution , July 16, 2017
Like the ‘Bionic Man’, fixed income traders are being rebuilt through the smart application of technology. While there are truly automated chunks of the fixed business – 60% of volume in some liquid government bond markets is provided by high-frequency trading (HFT) firms – these are the exception rather than the rule.
For most bonds, parts of the trading process are having smart technology applied to them. Allowing traders to automate the more laborious portions of their work can reduce the complexity of market fragmentation and instrument breadth. Crunching data can create new pictures of the market. For example, as new trading venues are launched, their match rate for orders can be checked. Brokers’ order fills for the end of the quarter, when many perform poorly, can be reconciled against past performance. Buyside trading desks can qualify performance and reflect that in how they trade.
The starting point is to pull data together with as much detail as possible. That information can be used to support decision-making tools on the trading desk.
Asia corporate bond market17 July 2017
How can investors trade effectively in an inefficient corporate bond market?
Singapore Business Review, M...
Algomi in FinTech50 for third year in a row07 June 2017
We are very pleased to share that, for the third year in a row, Algomi has been included in the FinTech50. This list of ...Read the full article
Algomi ALFA to Enhance Market Liquidity01 June 2017
From Waters Technology by John Brazier, 31 May 2017
Access to fixed-income ...
- To achieve best ex in fixed income, AI tools are being developed that can interpret massive data sets… https://t.co/aPKrfQAREJ
- Effective trading in an inefficient corp bond market @Algomi_Ltd Jesper Bruun-Olsen talking to @SBRMagazine… https://t.co/F6Y1kOqZUT
- Sifting the sands of market data for gems of price and liquidity. Crunching liquidity data with The DESK… https://t.co/tsrC350Hsl