HSBC unveils AI Markets for institutional investors and corporates
Global banking heavyweight HSBC has launched AI Markets, a digital services offering that uses purpose-built natural language processing (NLP).
The solution is currently available to institutional investors and in due course will be also made available to large corporates, the bank says.
Customers can use HSBC Evolve (the bank’s trade execution platform) or third-party platforms to access AI Markets, or they can connect directly through an API.
AI Markets capabilities
• Information and analytics
“AI Markets has the capability to revolutionise how investors navigate the complexity of financial markets,” HSBC claims.
The proprietary NLP engine allows users to generate bespoke financial market analytics, gain access to HSBC’s real-time and historic cross-asset data sets, and browse the latest market insights.
• Pricing and execution
HSBC says the combination of its global knowledge of liquidity and ongoing market developments, data science and NLP techniques, provides AI Markets with “a powerful interface for investors to access real-time pricing and execution”.
• Digital workflows
The “agile nature” of AI Markets enables customised functionality as well as access to the bank’s machine learning (ML) and data science experts, the bank says, helping investors find more efficient ways to do business, save time and reduce cost.
Richard Bibbey, global head of FX, EM rates and commodities at HSBC, describes the new offering as “adaptable, collaborative and dynamic” and says it “has been built from the ground up with user experience in mind”.