LSEG Plans to Provide AI Trading Solution For Its Clients
The London Stock Exchange Group (LSEG) wants to create bespoke generative artificial intelligence (AI) models with the help of tech giant Microsoft. AI has several use cases in niches such as education, healthcare, and the military. In addition, the technology can also be a useful tool for trading strategies and risk management. LSEG Plans to Help Customers With AI Models Microsoft is one of the companies at the forefront of AI innovation. And the LSEG wants to harness that AI expertise to create “bespoke large language models” for its clients. According to the Financial Times, David Schwimmer, the CEO of the LSEG, said: “We are having conversations with customers about the opportunity for them to use the vast amount of data we have available, to commingle that with their data in a secure proprietary [manner].” Banks and trading firms cannot risk using other AI models with their data. There is an inherent risk of losing the proprietorship of the data by feeding it into the other LLM models. Hence, the LSEG wants to provide a solution for banks to securely use the AI models for trading strategy and risk management while maintaining the secrecy of the data. Equity researcher Michael Sanderson believes AI will be valuable for