trading execution: The product attempts to predict how stock prices in Japan will change over an hour and find the best time to trade, they said. ; Global banks are seeking to improve the quality of their trading execution and equity research before the European Union's revision of the Markets in Financial Instruments Directive, or MiFID II, comes into force in January, according to The Japan Times. Under the new rules, brokerages will be required to separate research fees from trading commissions to ensure investors pay fair prices for the services, a move that may spur competition. Japan's third-biggest lender will begin offering an algorithm-based AI trading service to some large institutional clients in Japan and elsewhere in Asia, the people said, asking not to be identified because the plan is private. Mizuho's brokerage unit will initially target 500 stocks on Japan's benchmark Topix, and may increase coverage to 1,000 companies including firms listed on the Tokyo Stock Exchange Mothers market, according to the people. The AI platform uses about 5,000 data points, including order-book information, historical prices and news sentiment for the targeted companies, as well as exchange rates and commodity price changes, to find anomalies and patterns relating to a stock's movements, the people said. It plans to roll out the service to all of Mizuho's trading execution clients, which number in the hundreds, by the end of the year, the people said.
(news.financializer.com). As
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Tagged under trading execution, equity research topics.