Norway’s oil fund aims to save $400mn of trading costs using AI

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Financial Times 18h ago

Norway’s oil fund aims to save $400mn of trading costs using AI - Financial Times

Quick Summary:

By handling more of these internally it can save both on transaction costs and the gap between the prices at which stocks are bought and sold.

The Norwegian fund is one of the biggest equity investors in the world, owning on average 1.5 per cent of every listed company globally, and it makes more than 46mn trades each year.

Nine out of 10 investment managers surveyed by Mercer last year said that they already used or planned to use AI, with two-thirds highlighting the reduction of trading costs as one of the motivations.