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Briefing
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- Trading Algorithm – Asset management firm AllianceBernstein Holding introduced updated virtual assistant Abbie that can now suggest bonds to buy and sell based on pricing, ease of trading and risk
- Millions of Data Points – Scans millions of data points in seconds, including company and bond ratings based on different factors (e.g. capital structure and environmental, social and governance risks) as well as bid and offer prices from dealers and electronic trading venues
- Benefits – Identifies potential trades missed by humans and spots human error
- Chatbot Integration – Can communicate with other chatbots from other companies
- Markets Covered – Version 1 already supports over 60% of AllianceBernstein’s fixed-income trades, with version 2 to target high yield and investment-grade bonds initially and expand to other markets
- Human Input – Humans still make final decisions and execute trading based on Abbie’s recommendations
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services
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Organization
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AllianceBernstein Holding LP
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Source
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Original Publication Date
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November 12, 2018
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