RBC launches its first AI stock trading program

Published December 11, 2020 | 2 min read

The Globe and Mail published a story following an interview with Shary Mudassir, Co-Head of Global Equities Execution, and Foteini Agrafioti, Chief Science Officer at RBC and Head/ Co-Founder of Borealis AI. The article highlights the launch of Aiden, an AI-based electronic trading platform.

Learn more about Aiden and read the full Globe and Mail article.

RBC and its AI Research Institute Borealis AI recently launched its first artificially intelligent computer program for trading stocks, called Aiden. The Aiden® platform is designed to enhance real-time algorithms' performance through an AI technology called Deep Reinforcement Learning, which aims to deliver the best possible execution quality to pursue improved trading results and insights for clients.

It will buy, it will sell, it will find the right time to do that," said Foteini Agrafioti, RBC's chief science officer and head of Borealis AI. "If it makes a good decision … we reward it. We tell it, 'you did a good job, do more of that.' And if it makes a bad decision, we penalize it.

- Foteini Agrafioti


Unlike traditional trading algorithms that use precoded rules to execute trades at best possible price, Aiden allows the algorithm to adjust its own rules in real-time and reduces “slippage” from a volume-weighted average price (VWAP).

What we noticed is the technology and the platform was able to recognize the suddenness of changes in the market, and adapt to them and preserve performance on the trading.

- Shary Mudassir


RBC and Borealis AI are also working on other uses of Artificial Intelligence, such as a software called NOMI, the virtual assistant, which is more personalized by predicting customers' activities after logging in, such as bill payment or spending habits.

AIAidenArtificial IntelligenceBorealis AIFoteni AgrafiotiShary Mudassir