RBC Capital Markets launches Aiden Arrival algorithm

Dan Barnes

RBC Capital Markets has launched Aiden Arrival, the second algorithm on the firm’s artificial intelligence (AI) -based electronic trading platform. Aiden Arrival follows the Aiden platform’s volume-weighted average price (VWAP) algorithm, and aims to reduce arrival price slippage and offer an expanded trading action set to expand control over the execution trajectory.

“Since launching the Aiden platform in 2020, we partnered closely with clients to develop a more holistic tool for primary benchmarks and solve for greater simplicity,” Bobby Grubert, head, digital solutions & client insights‎, RBC Capital Markets, said. “The launch of Aiden Arrival signals an important milestone in the expansion of our innovative Aiden trading platform. Together with Aiden VWAP, this is just the beginning of the full opportunity for clients to have better performing trading tools.”

The Aiden platform was developed in a collaborative effort by RBC Capital Markets and Borealis AI, an AI research and development centre created by RBC. The platform uses the computational power of deep reinforcement learning to try and improve trading results and insights for clients.

Aiden Arrival explores new trading relationships within the prevailing market conditions and guardrails by continuously assessing market information to try and dynamically control multiple aspects of every action throughout the order lifecycle. The algorithm uses deep reinforcement learning to learn in real-time, potentially learning how to trade better over hundreds of thousands of decisions.