Credit Suisse uses neural nets to call minute-ahead FX

Bank encases AI in ‘control framework’ to curb risk and will stick to micro timeframe for now

Neural-networks
Deep learning: a subset of machine learning in AI that tries to mimic the functioning of the human brain

Credit Suisse’s foreign exchange group is using deep learning for minute-to-minute price forecasting, harnessed by a control framework to keep the bank from taking on too much risk.

“This used to be a business where you’d just have a bunch of people in the room buying and selling currencies, and now it’s gotten to the point where AI is part of the solution,” says John Estrada, global co-head of FX spot trading at Credit Suisse.

Deep learning, also called deep neural networks, is a subset of

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