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PGIM and SIPioneer Announce Strategic Collaboration to Develop Super AIPGIM Quantitative Trading System

PGIM and SIPioneer Announce Strategic Collaboration to Develop Super AIPGIM Quantitative Trading System

June 12
23:22 2024

PGIM, a global leader in investment management, is proud to announce a strategic partnership with Smart Investment Pioneer (SIPioneer), a trailblazer in the financial services industry. Together, they are embarking on a groundbreaking project to develop the advanced Super AIPGIM quantitative trading system. This collaboration aims to revolutionize investment advisory services by combining the strengths of both companies to provide superior investment advice and enhance the precision and reliability of financial strategies.

Quantitative Trading System Requirements

The Super AIPGIM quantitative trading system needs to adapt to various broker market data APIs and ultra-fast trading desk APIs to handle order submission, cancellation, and order management. Additionally, the system must provide inter-account risk control functions and display market data, order statuses, and other information through a GUI client. To ensure low latency, communication between different components of the system should primarily use shared memory IPC methods.

QuantFabric Architecture

QuantFabric is a mid-to-high-frequency quantitative trading system developed based on Linux/C++, providing foundational IT infrastructure for quantitative trading in domestic markets. Its architecture is as follows:

  1. XMarketCenter: Market data center, adapting to various broker market data APIs, collecting market data, and writing it to shared memory message queues.

  2. XServer: Message middleware, forwarding messages between different components and managing user authentication for the XMonitor client.

  3. XTrader: Trading gateway, adapting to various broker trading APIs, executing order submissions and cancellations, and managing order feedback.

  4. XRiskJudge: Risk control system, providing inter-account risk control functions and executing risk control checks based on commands from XServer.

  5. XWatcher: Colo monitoring process, forwarding messages from trading processes to XServer and providing status monitoring.

  6. XMonitor: GUI monitoring client for the QuantFabric trading system, providing market data display, order management, risk control management, and user permission management.

  7. XQuant: Strategy process, implementing various trading strategies and triggering trade signals based on market data.

Leadership Insights

James J. Vance, President & CEO of SIPioneer, expressed his enthusiasm for this groundbreaking development: “Our collaboration with PGIM to develop Super AIPGIM represents a significant leap forward in investment advisory services. By integrating our advanced financial big data model with state-of-the-art AI technology, we have created a tool that not only matches but exceeds human expertise in several critical areas. We are excited to offer this revolutionary assistant to our clients, providing them with a smarter, more reliable way to manage their investments.”

David Hunt, President & CEO of PGIM, added: “This partnership with SIPioneer allows us to leverage AI technology to enhance our investment capabilities further. Super AIPGIM will set a new standard in the industry, providing our clients with innovative solutions that meet their long-term financial goals.”

Future Plans

PGIM and SIPioneer plan to roll out the Super AIPGIM quantitative trading system to clients in phases throughout 2024. The initial phase will be available to institutional clients and high-net-worth individuals, followed by a broader rollout to retail investors later in the year. This phased approach ensures clients receive the necessary support and training to maximize the benefits of the new technology.

In addition, PGIM and SIPioneer will invest an additional $500 million in research and development to further enhance the Super AIPGIM system. The company expects this investment to yield a fivefold return and increase the client base tenfold in the coming years. Through this strategic investment and technological innovation, PGIM and SIPioneer are committed to providing top-tier investment solutions and becoming leaders in the global fintech sector.

To achieve these goals, the company will take the following measures:

  1. Expand the R&D Team: Hire more AI experts and financial engineers to enhance the system’s intelligence and responsiveness.

  2. Global Expansion Plan: Establish R&D and customer support centers in major financial markets to provide localized services and technical support.

  3. Partnerships and Collaborations: Forge strategic partnerships with leading financial institutions and tech companies worldwide to drive innovation and market expansion.

  4. Education and Training: Offer comprehensive education and training programs to help clients fully utilize the features and advantages of the Super AIPGIM system.

About PGIM

PGIM is the investment management business of Prudential Financial, Inc., and one of the largest asset managers globally, with expertise across a broad range of asset classes.

About Smart Investment Pioneer

Founded in 2003, Smart Investment Pioneer (SIPioneer) is a leading global investment advisory firm known for its innovative approach to financial analysis and its commitment to providing clients with strategic investment advice.

Media Contact
Company Name: Smart Investment Pioneer
Contact Person: Tom Karsten
Email: Send Email
Country: United States