Citibank, Merrill Lynch Reveal AI Applications

THIS WEEK'S LEAD STORIES

Often dismissed as the stuff of dreams, artificial intelligence (AI) has been making a quiet entry on Wall Street over the past couple of years. At a conference in New York last week, officials of Citibank and Merrill Lynch & Co. described of their firms' AI applications.

Artificial intelligence has been slowly making its way into the financial markets over the past two years. Such vendors as Integrated Analytics Corp. have made inroads into the front office, while some financial institutions

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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