Machine learning will create new sales-bots – UBS’s Nuti
Technologists working to automate indications of interest from trading desks
Trading is moving to a point where there is almost no human involvement, as market participants employ algorithms that generate – and respond to – indications of interest (IOIs), according to Giuseppe Nuti, head of machine learning at UBS.
“I imagine that in the next few years, we’re going to see a lot more approaches coming up. So much so that it will even be algorithmic-to-algorithmic IOIs, almost removing the human component,” Nuti said.
Market-makers issue IOIs, or ‘axes’, to signal
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