Credit Suisse uses neural nets to call minute-ahead forex

Credit Suisse’s foreign exchange group is using deep learning for minute-to-minute price forecasting, harnessed by a control framework to keep the bank from taking on too much risk.

“This used to be a business where you’d just have a bunch of people in the room buying and selling currencies, and now it’s gotten to the point where AI is part of the solution,” says John Estrada, global co-head of forex spot trading at Credit Suisse.

Deep learning, also called deep neural networks, is a subset of