To speed up the short sale locate process at BNP Paribas, our team automated the communication process between the equity and derivative (EQD) and the stock lending and borrowing traders (SLAB) at BNP Paribas. For EQD traders to perform a short sale, they must contact the SLAB traders to see if shares are available. The SLAB trader will then submit requests to the SLAB for approval and borrowing rates. The SLAB traders review the request and reply back via Symphony chat room to let the EQD trader know the rate and if they have been approved, partially approved, or declined. The manual steps that are required by the SLAB team are complex and require multiple unnecessary steps. The chatbot we designed will speed up the communication process by automating all the manual steps.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Chen, Yiyi
• Wang, Yaofeng
• Nicholson, Matthew John

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-012319-102319

Advisor

• Konrad, Renata
• Ciaraldi, Michael J.
• Sweeney, Kevin M.

Year

• 2019

Center

• Wall Street-FinTech Project Center (Boston or New York) - MQP

Sponsor

• Clark, Andrew
• BNP Paribas

Date created

• 2019-01-23

Resource type

• Major Qualifying Project

Major

• Industrial Engineering
• Management Engineering
• Interdisciplinary

Rights statement

• In Copyright