Sophisticated data analysis and artificial intelligence will have the biggest impact on banks’ trading businesses over the next few years, according to Cyril Cottu, global co-head of electronic market-making and commerce at BNP Paribas.
“Trading platforms, trade processing automation – those are the boxes we need to tick. But this is not what it’s all about. It is about data. It is about artificial intelligence and new ways to communicate. This is where the future is and how our lives are going