Credit Suisse shows how AI has reshaped the landscape of equity investment

In this exclusive interview for Fixed Income and FX we spoke to Alex Manakyan, Global Head of FX & PM Trading at Credit Suisse. Alex co-runs the global Electronic Macro Trading at Credit Suisse and having always occupied quant trading roles, Alex has been working extensively in the Asian market for the past 12 years.

With his extensive knowledge of the Asian market, Alex explains how the “big theme is consolidation in liquidity providers. We've seen from our buy-side customers a flight for quality. In the past with liquidity, it used to be the more the better, but today we find that buy-sides have been a lot more sophisticated about identifying liquidity partners”

We discuss Credit Suisse’s eMacro desk which is the electronic market-maker on a principal basis for FX commodities and rates. He tells us about their highly automated, systematic client flow business that benefits from scale and internalization and how this has evolved over the years.

Key conversation highlights include:

• Why the ability to generate differentiated access is a very important topic to add value for customers
• How investment and research and development into deep learning techniques has led to the democratization of AI in finance and how deep learning techniques have enabled Credit Suisse to build a view on the market at times, unrelated to risk
• Credit Suisse’s capacity to quote precious metals for 24 hours a day, in local markets currencies outside of onshore hours
• The importance of building your technology stack in a flexible and agile way
• His predictions for the next 3-5 years and why there will be an acceleration of consolidation in market-makers and liquidity providers.

Watch the video now 

*This interview was taken in Nov 2022*