Automation

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The rolling bandwagon of automated corporate bond trading: Algos oust traders

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The rolling bandwagon of automated corporate bond trading: Algos oust traders

Bond trading is undergoing a quiet, but fundamental change: The automation of smaller-sized bond trades. Certainly, we are in the early days of this analogue-to-digital conversion, but the effects on the microstructure of bond markets are likely meaningful – especially with respect to the costs of execution. If you think smaller trades are not relevant in corporate bond trading: 90 percent of all trades are worth less than $ 1 million. In this blog post, I elaborate on how and why banks are starting to replace dealers with machines and describe why this is fertile ground for new electronic trading platforms. Finally, I propose a hypothesis on how trading costs may evolve in the future.

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Fast and no need for coffee breaks: ‘Robots’ take over mundane tasks at Singapore banks

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Fast and no need for coffee breaks: ‘Robots’ take over mundane tasks at Singapore banks

SINGAPORE: Since starting work at the United Overseas Bank’s (UOB) trade finance operations team three weeks ago, Amy has been busy processing requests for letters of credit from the bank’s corporate clients.
 

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Introducing Dialogflow Enterprise Edition, a new way to build voice and text conversational apps

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From chatbots to IoT devices, conversational apps provide a richer and more natural experience for users. Dialogflow (formerly API.AI) was created for exactly that purpose — to help developers build interfaces that offer engaging, personal interactions.

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How chatbots and artificial intelligence will save banks and the finance industry billions

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How chatbots and artificial intelligence will save banks and the finance industry billions

Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.

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Self-directed investors turning away from robo-advisors

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"The trend is even more pronounced among millennials, who are clearly looking for self-service with benefits models that allows them to manage their accounts, but also receive advice from professionals when they need it," he adds. "Firms that can get that balance right — and offer it at a competitive price — have a huge opportunity to fulfil an unmet need."