RBC Capital Markets Wins Celent Model Sell Side Award for AI-Powered Electronic Trading Platform Aiden

Strategic Insights -

RBC Capital Markets has taken home the inaugural Celent Model Sell Side Award for its development of Aiden, a groundbreaking AI-powered electronic trading platform built in partnership with Borealis AI. This achievement highlights the bank's commitment to leveraging AI in a responsible and explainable manner to deliver real-world solutions that enhance trading results and insights for clients. The Aiden platform has successfully integrated deep reinforcement learning into a constantly changing environment like equities trading, providing measurable and explainable results for its users.

Key Takeaways:

  • RBC Capital Markets won the Celent Model Sell Side Award for its development of Aiden, an AI-powered electronic trading platform built in partnership with Borealis AI.
  • The Aiden platform officially launched in October 2020 with a VWAP algorithm available to RBC Capital Markets' global clients trading in U.S. and Canadian equities.
  • The platform has demonstrated its ability to recognize sudden changes in the market, adapt to them, and preserve performance for clients, particularly during the COVID-19 market volatility.
  • Aiden's VWAP algorithm is just the first foundational step in the platform's evolution, with possibilities for expanding its ability to provide additional insights for clients and application to other trading strategies and asset classes.
  • RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with in-depth expertise in capital markets, banking, and finance.

Statistics:

  • The Aiden platform has been used by RBC Capital Markets' global clients trading in U.S. and Canadian equities since its official launch in October 2020.
  • The platform has demonstrated its ability to preserve performance for clients during market volatility, particularly during the COVID-19 pandemic.
  • RBC Capital Markets has over 7,300 employees across North America, Europe, and the Asia-Pacific region in 70 offices and 15 countries.
  • The bank is one of the largest in the world based on market capitalization, with a diversified business model and a focus on innovation and providing exceptional experiences to its 17 million clients in Canada, the U.S., and 34 other countries.

Sources:

  • "RBC Capital Markets Wins Celent Model Sell Side Award for AI-Powered Electronic Trading Platform Aiden" (RBC Capital Markets, March 9, 2021)
  • "About RBC Capital Markets" (RBC.com)
  • "About Borealis AI" (BorealisAI.com)
  • "www.rbccm.com/aiden" (RBC Capital Markets website)
  • "www.borealisai.com" (Borealis AI website)