Trading

Banks are bringing in AI ‘Maestros’ to beat their competitors

Trading desks are cautiously embracing generative AI to boost efficiency

Banks are trying to give their trading staff the edge with new AI tools Jason Alden/Bloomberg via Getty Images
Banks are trying to give their trading staff the edge with new AI tools Jason Alden/Bloomberg via Getty Images

At Bank of America, a ‘Maestro’ has arrived to shake up its markets business.

It’s not the nickname of a hotshot trader but rather an artificial intelligence assistant that the Wall Street bank hopes will give it an edge.

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SS&C Technologies to Buy Calastone From Carlyle for About $1 BillionExternal link

SS&C Technologies to Buy Calastone From Carlyle for About $1 Billion