Meet the Robot Who Knows How to Trade Bonds Better Than You Do
- Abbie 2.0 now suggests trades to fixed-income fund managers
- AllianceBernstein’s bot will learn to spot human errors
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The robots have just got a step closer to managing your money.
AllianceBernstein Holding LP upgraded its virtual assistant Abbie so she can now suggest the best bonds to buy and sell based on pricing, ease-of-trading and risk. Unlike any human, she can scan millions of data points to filter the universe of outstanding bonds in seconds and identify potential trades to portfolio managers using other electronic tools the firm has built.