Deutsche Bank (DB) and Goldman Sachs (GS) are considering the use of agentic artificial intelligence in trading surveillance, Bloomberg reported Wednesday, citing people familiar with the matter.
Deutsche Bank is collaborating with Alphabet's (GOOG/GOOGL) Google Cloud to develop a large language model (LLM) to track anomalies in orders and trades as well as to flag market abuse to a compliance officer, according to the report.
The German lender also plans to use an LLM this year to track communications of traders and salespeople, according to Bloomberg.
Goldman Sachs intends to use AI to monitor suspicious trade signals or market movements, sources told the media outlet.
Deutsche Bank and Goldman Sachs did not immediately respond to requests for comments from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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