RBC eyes AI to bolster FX and rates algos

- By Bernard Goyder
- 18 Apr 2023

RBC Capital Markets plans to apply the same artificial intelligence technology used in its equity client execution algorithms to its currencies and rates business, according to a managing director at the firm.

Aiden, as the algo suite is known, is already live for equities, and uses deep reinforcement learning, where an algo learns the best series of actions by trying different approaches and receiving feedback via rewards and penalties. The bank offers arrival price and volume-weighted average

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