RBC Capital Markets Launches AI-powered Electronic Trading Platform

RBC Capital Markets​, an investment bank providing services in banking, finance, and capital markets globally, has launched an AI-based electronic trading platform — Aiden®. The platform uses the computational power of deep reinforcement learning to improve trading results and insights for clients.

Aiden® was developed jointly by the global investment bank and Borealis AI, a world-class AI research center also backed by RBC. Given the constantly-changing nature of assets trading, for both firms, it is one of the biggest challenges in the field of AI today to apply deep reinforcement learning into the trading environment.

"Aiden® speaks to our long-term commitment to leverage next-generation AI technology to create differentiated solutions for our clients," Bobby Grubert, Co-Head of Global Equities‎, RBC Capital Markets, said. "Aiden® is the result of a massive collaborative effort between RBC employees, including traders and AI scientists, and our partners at Borealis AI. Aiden® is at the beginning of its journey and we see great potential to further expand its capabilities and redefine execution, while remaining true to its client-centric foundation."

The first live Aiden® solution, a volume-weighted average price (VWAP) algorithm, was designed to help improve clients' trading performance by reducing slippage.

The Aiden® platform is currently available to RBC Capital Markets clients who are trading in U.S. and Canadian equities, and the premire investment bank plans to introduce the platform to additional clients across its geographical markets in the coming months.