Nomura invests in Brevan Howard AI trading platform

Brevan Howard developed the AIM² platform three years ago using artificial intelligence, machine learning and data science.

Asian investment bank Nomura has invested in an artificial intelligence (AI) trading venture established by Brevan Howard in 2015.

Known as AIM², the platform uses AI technology, as well as data science and machine learning, to develop various alpha investment strategies.

“The AIM² team has a strong combination of data scientists and capital market experts, and has built an industry-leading AI engine that we will use across all asset classes to enhance the client experience and increase market share in flow products,” said Steve Ashley, global head of wholesale at Nomura. “This solution will also form part of our plans to accelerate Nomura’s Wholesale digital transformation.”

New trading tools for market participants in wholesale financial markets are now being built after Nomura partnered with the AIM² platform last year. The new tools will use AI and data science to analyse large sets of real-time and historical high-frequency data, including client flows, in order to establish quotes and recommendations.

Earlier this month, Nomura Asset Management went live on cloud-based Charles River Investment Management Solution (IMS) for global and multi-asset trading.

The system covers fixed income, equity, foreign exchange, institutional and mutual funds, providing Nomura Asset Management’s portfolio managers, traders and compliance teams with front office decision support, trading and compliance tools.