On any given day, trading desks can execute thousands of trades, followed by risk-mitigating transactions such as hedges or back-to-back trades. Subsequent losses typically happen because of fat-finger errors, forgetting to book a trade, or miscommunicating between traders, sales or the client.
Using OLI to predict when losses are likely, we can prompt traders to ‘slow their input’ to avoid fat-finger errors, or ‘clear their queue’ to ensure all incoming trades are booked.
Fewer errors/losses and therefore higher profits, and evidence of measures to proactively manage operational risk and operational resilience.
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