
RBC Capital Markets Introduces Aiden Arrival, Al-based Algorithm on the Aiden Trading Platform
RBC Capital Markets has launched Aiden Arrival, a second algorithm on Aiden, its proprietary AI-based electronic trading platform, designed to help measurably improve trading outcomes.
Aiden Arrival builds on the success of the platform’s first solution, a volume-weighted average price (VWAP) algorithm that aims to reduce price slides and offer an expanded set of measures to improve clients’ trading performance.
“The launch of Aiden® Arrival signals an important milestone in the expansion of our innovative Aiden® trading platform. Together with Aiden® VWAP, this is just the beginning of the full opportunity for clients to have better performing trading tools,” said Bobby Grubert, Head, Digital Solutions & Client Insights, RBC Capital Markets.
First launched in October 2020, the electronic trading platform uses deep reinforcement learning processes to adapt to changing market environments and improve trading results based on live market data.
It was developed by vendors and AI scientists at RBC and Borealis AI, a research and development center founded by RBC.
