Midland Bank To Add Artificial Intelligence To Foreign Exchange System By Year-End

TECHNOLOGY

Midland Bank's London-based Group Treasury operation is putting the finishing touches on an automatic trading system that will use artificial intelligence (AI) to track financial markets and make trading recommendations, according to officials there. The system is being built for its Specialized Trading and Research (STAR) team, which trades exotic currency options and other derivatives.

Nick Idelson, responsible for quantitative analysis and technical trading within the STAR team, expects th