What's Next in Fixed Income Trading? AI - Markets Media

Artificial intelligence has established a toehold on institutional fixed income trading desks, but the real action will be in coming years. "Data, data science and AI," BlackRock Head of Global Trading Supurna VedBrat said when asked what's next in fixed income. Speaking Thursday morning at WBR's Fixed Income Leaders Summit in Philadelphia, VedBrat said emerging technology has the potential to change trading strategies on the buy side as well as the sell side. "AI gives us the ability to truly augment human intelligence with computing power, and be able to do that at scale," VedBrat said in a conversation with Tradeweb President Billy Hult. BlackRock, which VedBrat likened to a microcosm of the buy side as a whole, is in the preliminary stages of deploying AI, with much of the focus so far on small, "low-touch" transactions.