FYI: The robots have just got a step closer to managing your money.
AllianceBernstein Holding LP upgraded its virtual assistant Abbie so she can now suggest the best bonds to buy and sell based on pricing, ease-of-trading and risk. Unlike any human, she can scan millions of data points to filter the universe of outstanding bonds in seconds and identify potential trades to portfolio managers using other electronic tools the firm has built.
Abbie 2.0 can identify bonds that people may have missed and will be able to spot human error and communicate with chat bots like herself at other firms, according to Jeff Skoglund, chief operating officer of fixed income. The original electronic assistant AllianceBernstein introduced in January could only build orders for bonds following precise demands.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-12/meet-the-robot-who-knows-how-to-trade-bonds-better-than-you-do?srnd=fixed-income
