TS Imagine has added CLSA’s AI-powered European algo suite to its list of certified brokers, allowing investment managers to leverage AI technology that allows algos to learn as they trade.
CLSA’s AI-powered European algo suite uses neural networks and dynamic execution planning, including prediction, detection and stock clustering of order book behaviour. The algos are designed to adjust to individual strategy components and modify underlying strategy behaviour in response to changing market conditions throughout the trading session.
Chris Fink, senior sales director at CLSA, said: “The Adaptive AI within our algo suite can significantly improve client execution and can correctly predict price direction information for 40% of a stocks trading day with a 90% accuracy rate.”
In the face of increasing fragmentation, complexity and volatility across the EMEA trading landscape, CLSA said its adaptive AI algos can monitor, evaluate, react to and capitalise on the variety of market signals broadcast in real time.
“Leveraging standard curves and simplified trading models is no longer adequate to react to this changeable, challenging and dynamic environment,” said Stephen Ashton, head of European equity trading at CLSA.
Already active throughout Asia, the AI algo trading solutions have been customised and tested for EMEA markets.
TS Imagine’s TradeSmart offers pre-certified connections to more than 250 listed brokers and venues, in addition to broker algos, enabling the buy-side to access a range of trading opportunities and liquidity sources.
©Markets Media Europe 2023
