UBS trials Netflix style algos

Will picking investments become more like choosing a TV on Netflix?

by CNBC 13 Aug 2018

UBS is looking at applying recommendation algorithms to suggest trades to its asset management and hedge fund clients, similar to those used by a host of consumer technology companies.

"Imagine what the world looked like when you watched television and had to scan through channels, whereas now it is not only on demand, it is presented to you so you easily find what you are looking for," said Giuseppe Nuti, who heads up data science in UBS's FX, rates and credit Strategic Development Lab. "That's what we are trying to do for our clients, presenting them with a choice of likely, interesting trades."