Nomura has invested in AI startup venture AIM2 which uses robotics and machine learning to build automated trading tools for financial markets.
The startup set up by hedge fund manager Brevan Howard was launched in 2015. Its first collaboration with Nomura began in 2018, where the two partnered for developing a new robotic trading tool for pricing trades and making markets in wholesale capital traders.
The new tool under development analyses large set of high-frequency historical and real-time data to provide recommendations. This is carried out with the help of AI and data science.
Steve Ashley, global head of wholesale at Nomura, said: “The AIM2 team has a strong combination of data scientists and capital market experts, and has built an industry-leading AI engine that we will use across all asset classes to enhance the client experience and increase market share in flow products. This solution will also form part of our plans to accelerate Nomura’s wholesale digital transformation.”