Traders at RBC Capital Markets Develop AI-based Electronic Trading Platform

RBC Capital Markets has launched a new electronic trading platform using artificial intelligence technology, which was developed by its traders in partnership with AI scientists. Known as Aiden, the platform uses deep reinforcement learning processes to adapt to changing market environments and execute trading decisions based on live market data. According to a story in The Trade news, Aiden uses pre-programmed data inputs and can make more than 32 million calculations per order without the need for re-coding like traditional algorithms. RBC Capital Markets said its traders worked alongside AI scientists at its Borealis AI research center to create the initial concept and develop the platform. A volume-weighted average price (VWAP) algorithm was the first Aiden solution to go live, allowing reduced slippage to improve the broker-dealer’s clients trading performance.