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Digital Library To Boost Automation In Derivatives Markets – Law360

Law360, London (June 15, 2021, 1:24 PM BST) — A trade body for derivatives markets has teamed up with law firm Linklaters to create a digital library that uses artificial intelligence to give traders access to up-to-date information in the push to automate markets.

The International Swaps and Derivatives Association said on Monday that it has developed a new digital platform for derivatives trading alongside IT security company Kinetix Trading Solutions and Nakhoda, Linklater’s technology division.

The platform, MyLibrary, uses AI to store the most up-to-date documents governing the derivatives market, the trade body said. The platform is in line with its plan to “facilitate greater automation and efficiency in derivatives…