At the FIA Expo 2023, Justin Llewellyn-Jones of Broadridge, in a video interview with John Lothian News, detailed the significant strides in trade processing technology, emphasizing the role of AI and the shift towards multi-asset trading platforms. He noted the dramatic increase in automation over the last two decades, from algorithmic trading to the integration of advanced analytics and now the burgeoning influence of generative AI and machine learning.
Llewellyn-Jones touched on the data-driven nature of modern trading processes, where insights derived from both front and post-trade data are used to inform and enhance order execution strategies. He highlighted the importance of AI models and machine learning in creating a seamless operational flow across various stages of trading, from the front office to clearing.
Llewellen-Jones said the most interesting AI tool he saw at the conference was Ops GPT, a post-trade AI tool designed to understand and interact with natural language commands. This development showcases the potential of AI to streamline and augment the post-trade environment.
On the topic of interoperability, Llewellyn-Jones underscored the value of integrated systems that allow for comprehensive audit trails and real-time risk management. He also shed light on the industry’s push towards multi-asset platforms, which consolidate different asset classes into one operational interface, enhancing efficiency and empowering traders to manage more with less.
The conversation at the FIA Expo with Llewellyn-Jones provided a good look at the evolving landscape of trade processing, where AI, machine learning, and multi-asset capabilities are leading the charge toward a more interconnected and intelligent trading ecosystem.