RBC Rolls Out AI-Based Trading Platform to Global Clients
- First solution on platform aimed at reducing trade slippage
- Aiden platform developed by RBC Capital Markets, Borealis AI
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Royal Bank of Canada is launching an artificial intelligence-based electronic-trading platform to clients around the world, starting with an algorithm designed to help reduce trading slippage.
The Aiden trading platform, the product of five years of research and development, will now be available to global clients trading U.S. and Canadian equities, the Toronto-based bank said Wednesday. Some Canadian clients have already been using the system and some U.S. clients had been beta testing it.