2018

BINTI AI Trading Service Network

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Table of Contents
SITLAB Vision and Overview .................................................................................................................... 2
SITLAB Cloud based AI Trading Service Network (BINTI) ........................................................................ 3
Architecture Overview ............................................................................................................................ 3
Distribution of Intelligence .................................................................................................................. 3
Infrastructure Architecture and Deployment ..................................................................................... 4
Artificial Intelligence Elements (AI Services) ....................................................................................... 6
Trading Elements ................................................................................................................................. 8
Private Cloud Infrastructure Elements .............................................................................................. 10
Ultra-Low Latency Competitive Artificial Intelligence (AI) and/or Machine Learning ...................... 12
Development and Operational Implementation ................................................................................... 14
BINTI deliverable goals ...................................................................................................................... 14
BINTI Strategic Technology Partners ................................................................................................. 15
BINTI Roll out strategy....................................................................................................................... 16
Cloud based AI Trading Service Network (BINTI) Summary .................................................................. 17

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SITLAB Vision and Overview
The digitalization in the financial industry boosts the data volume, velocity, variety, and veracity.
Today’s retrospective data analysis and machine learning systems, let alone human experts, cannot
analyze this growing data flood fast enough to understand it in the actual context and extract
information for decision making.

Also, more and more data are of real-time nature, which is inevitably lost if it is not constantly
processed. Therefore, information mining and informed decision making is one of the major
challenges of the raising new digital age in the financial industry and is particularly relevant for
financial trading and asset management.

Our Vision:

Is to not only to collect trading data and process it and analyze it (in real time) locally to where those
trading decision need to be made, but to also distribute that “intelligence” gathered across a wider
neural network of trading venues so that localized trading can be influenced by (and learn from) the
wider and more global knowledge of trading decisions on other markets and also regional and
worldwide geo-political data.

For this purpose, we designed and have started to develop BINTI.

BINTI is a private/hybrid cloud based intelligent trading service network that is operated and
managed by SITLAB that has specialized and distributed trading hardware, software and services
collocated at major trading venues (globally) to perform “intelligent” trading. In addition, there is a
distributed set of regional sites where “intelligent data” is being collected from multiple (regional)
local trading venues and regional digital geo-political data that can impact trading decisions.

Consider this a hierarchy of knowledge gathering and actions across a neural network based on
trading activities at the periphery (edge) of the network through regional data centers to the core of
the network at a designated worldwide datacenter.

The BINTI service network will be multi-client with SITLAB selling a variety of services for customers
trading via this network.

Customers of the service network (Traders and/or Brokers) will benefit from improvement of sell- &
buy-side client bottom line combined with 3rd party technological integration, optimization &
automation which allows them to achieve an overall client revenue improvement in addition to an
overall cost reduction in technology Capex, Opex and resource spending.

The implementation of the BINTI Service network will be done in multiple phases over a three year
period. SITLAB’s key intellectual property will be the ability to develop a series “Trading agents”
executing at various locations and levels of “intelligence” hierarchy within their optimized private
cloud-based service network. They will sell and build out of their customer’s own private network
within that service network and any additional customized Trading agents that their customers may
want for their environment.

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SITLAB Cloud based AI Trading Service Network (BINTI)

Architecture Overview
Distribution of Intelligence
The BINTI trading system utilizes AI technologies to provide Machine Learning Trading
recommendations:

 These recommendations are Geographically and Hierarchically compounded and distributed

to the to the local BINTI trading machines affected.
 The trading recommendations are based on localized AI Database monitoring and processing
by AI engines to forward on those recommendations.

The Hierarchy is based on a geographically distributed set of BINTI AI centers broken in tiers:

 A BINTI (Colocation) AI center that is situated at each trading exchange colocation center
 A number of BINTI (Regional) AI center(s) that are situated regionally (NA, EMEA, APAC) that
services all the exchange colocations within that region.
 A BINTI AI center that is situated at a WW level that services all the BINTI Regional AI centers.

The compounding and distribution of the intelligence allows a much more targeted set of Alpha
triggers on what the individual trader at the specific exchange and markets are trading on will/can be
impacted!!

It should be noted that the intelligence is used on a Trader by Trader basis based on the venue(s)
they will be trading at and based on the breadth of “intelligence” they will be using locally at both
regional and WW AI Centers.

Figure 1. BINTI Distributed Intelligence

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Infrastructure Architecture and Deployment
The BINTI trading system utilizes a private cloud infrastructure for each trader/customer. That
infrastructure expands from the Trading Customer’s own premises where the trading intelligence
information will be made visible and that new trading strategies can be implemented and executed
from.
SITLAB has its own private cloud infrastructure into BINTI based out of KTH’s facilities in Stockholm,
Sweden. This private based architecture will be leveraged to deploy new trading agents across the
BINTI infrastructure at Colocation, Regional and WW levels, as well as providing upgrades to
customer trading agents being developed by SITLAB.
The implementation and deployment of this private cloud infrastructure will be the responsibility of a
key technology partner under contract with SITLAB. That partner will also have the responsibility to
architect, deploy, manage and maintain the BINTI Service Network under contract with SITLAB for a
minimal of the three year period.

Figure 2: SITLAB AI Trading Service Network

The BINTI Service Network is made up three major logical parts:

 The Artificial Intelligence (AI) elements:

o Runtime environment that provides Trading agents that learn from the local
environment to recommend optimal trading strategies based on that information.
o The runtime data that provides the basis for learning is distributed across multiple
geographical locations and has access to a variety of geo-political data.
o Development environment that is based at SITLAB in Stockholm and is used for basic
testing and development of new trading agents.

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 The Algorithmic Trading elements this is made up of various blocks:
o Distributed Time Infrastructure (required for synchronization and timestamping) to
meet regulatory requirements.
o Core Network infrastructure for management and distribution of Market Data and
Intelligent Order execution.
o Capture and Analytics Block that is required to capture raw information and provides
real time analytics associated with the Trader’s order execution and market data
feeds. This is required for 3rd party audit reasons and also useful for real time
analytics and post processing analytics. This also feeds analytics data into a trading
database for historical back testing and for ingestion by the machine learning trading
agents.
o Trading Database this is the storage medium for the streaming of real time analytical
data (trade executions and market data feeds). It is also the repository for the
Machine Learning Trading agents and the Trading execution infrastructure for
ongoing trading logs and back data testing etc.
o Trading Execution Infrastructure that executes various trading strategies based on
the real time data coming in. The trading strategies are tuned over time based on the
AI trading agents feedback and when the customer wants to put them into
production.

 The Private Cloud Infrastructure:

o The complete Runtime AI and Trading infrastructure operates and executes under
this infrastructure.
o From the trader’s (customer) perspective its distributed across multiple co-location
venues to multiple trader’s venues at a global level.
o From SITLAB perspective it provides the private cloud to Distribute Machine Trading
agents that have been developed at the SITLAB facility to the various Colocation,
Regional and WW sites. It also provides the automation for moving “Intelligent” KPIs
across the distributed infrastructure delivering data where its needed to be analyzed
in the “Intelligence Hierarchy”.
o The infrastructure provides enterprise quality resiliency, security and performance
optimization. It is based on an Intent driven network environment.
o The infrastructure provides scalable upgrades to increase processor, memory,
networking and storage capability.
o It also incorporates the use of specialized appliances (Capture and Analytics and AI
Appliances) for the automated deployment and management of the said appliances
as part of the overall infrastructure.

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Artificial Intelligence Elements (AI Services)
The AI framework is based on an agent framework, where agents are learning autonomous decisions
by interacting with an uncertain environment in a trial an error manner. The learning is initiated with
an offline training phase to collect special knowledge about the specific trading activity the agent
should perform, followed by constant online learning to follow the market more closely.

The AI models describe

• How the agents see the market, which also includes how often they inspect the market
changes

• How agents are rewarded for successful decisions

• How they learn offline, i.e. from historical data

• How they learn online, i.e. if new data coming in

The AI models use recent innovations from Deep Learning developed at various labs, including
Google Deep Mind and OpenAI, as well as some proprietary innovations tailored to multivariate time
series and the financial trading domain, and techniques to scale up the agent training process.

The Runtime Platform:

The runtime platform is equally important. It takes care of the data handling, the agent training, the
agent deployment and the scalability.

Data User
Exchange Bank Interface
Provider
(UI)

Agent
Data Agent bootstrap
Apache NiFi
Ingestion Manager training
dataflow
management

Trading
Apache Kafka system

Storage
HDFS
AWS S3 Stream processing: Data
Live stats live
Feature extraction UI
LOB reconstruction

Figure 3: AI Runtime Platform Infrastructure

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First the platform is designed to be cloud native. The backbone of the platform is Apache Kafka,
which handles the data streaming to the agents. It also handles online data collection and offline
data loading from HDFS storage. The stream processing component handles various data
transformation and data preparation. The infrastructure is designed to be scalable and extensible.
Apache Avro data schemas are used to describe the data and allow efficient storage of the data in
binary form without the need to store meta data.

AI and Deep
Sitlab Agent Learning Technology
Designs based Platform
Models

Sitlab Trading Reactive end-to-end

Execution autonomous
Backend trading agents

Figure 4: AI Powered Trading Agent

AI Powered Trading Solution:

 Training

o Agents trained with Deep Reinforcement Learning

o Complementary trading algorithms based on signals

o Training infrastructure and models implemented with DL framework

o GPU / FPGA infrastructure tuned for training and for fast inference of deep agent
models

o Infrastructure used also in online training of pre-trained agents

o Use generative models to extend training data

 Trading

o Provide order execution infrastructure and link to exchange and streaming market
data

o Agents exchange market and position information with algorithmic trading

automation engine

o Running multiple agents and manage portfolio exposure and risk

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  Back testing

o Agents are trained to optimize reward or financial quantity such as Sharpe ratio

o Require out of sample testing to decide if agent qualifies for productive trading

Trading Elements
The trading Elements are made up of several blocks the key blocks are the following:

Algo Trading Services:

The core of the Trading execution is the Algo trading engine. This block allows for the deployment
and simultaneous execution of multiple trading strategies on the underlining data which can be
made up of live Market Data, other data relevant to trigger conditions and historical data (Market
Data and order processing). It also allows the for the capability for back testing for recently
developed trading strategies before they go into production.

This Service will run under the private cloud infrastructure at the colocation venue and will be
deployed per trading customer.

Figure 5: Algo Trading Service

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This service provides “Intelligent Order” execution through an external Exchange Broker/HFT Trader
based on the different trading strategies which are fed from various Deep learning Trading agents.

Market Data Feed Handler:

This service also runs on the cloud infrastructure and provides a normalized data market feed into
the Algo Trading Service. This can be set up to take any particular market feed and source it into the
Algo Trading Engine.

Capture and Analytics Appliance(s):

This appliance runs within the cloud infrastructure and is managed and provisioned via the private
cloud interface. The Appliance is responsible for capturing all raw market data feeds and trading
execution. This feeds into a Trading Analytics package that utilizes the Trading Database for a
repository.

Trading Database:

The trading database runs on specialized “Database Elements” of the cloud based infrastructure and
is used for fast ingestion of trading analytics data and marketing data and the simultaneous query of
the data into the AI Trading Agents and for the back testing of new strategies in the order execution
engine. The Database is a clustered configuration and scales in performance and storage based on
the number of nodes in the cluster. If offers resiliency from failure and linear scalability in terms of
performance by adding additional nodes. Extremely efficient in terms of storage requirements.

Figure 6: Trading Database Cluster

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Exchange Broker/HFT Trader:

The output of “Intelligent orders” from the Algo trading engine is executed through an external
“Exchange Broker” in an automated fashion, The Exchange Broker is an organization authorized to
trade directly on the localized exchange. These are companies such as Bloomberg, Interactive
Brokers, JPMC, Morgan Stanley etc. that have brokerage businesses. If this was a proprietary
HFT/UFT Trader using the BINTI AI features a future phase of the BINTI Service Network will be to
directly connect with the prop traders U/HFT trading environment for trade execution an dproviding
a truly hybrid system.

Private Cloud Infrastructure Elements

Figure 7: Private Cloud Infrastructure

The cloud infrastructure is made up of different classes of base network infrastructure, with the
addition of the following that can be scaled out:

Hypervisor Elements: Used for the Algo Trading Services, Market Data Handler services, AI Trading
Agents and services.

Database Elements: Used for the scale out of Database nodes for Trading Database.

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Capture & Analytic Elements: Specialized appliances that are managed as part of the Cloud
management and security.

GPU Acceleration Elements: Specialized acceleration entities used by AI Trading Agents to accelerate
Deep learning and processing.

The cloud environment will be placed at the collocation facility (Nasdaq), at KTH (PDC Data Center)
and at the Bank (end user).

The number of Hypervisor servers will vary based on the services running on the cloud and this will
have to be sized later on.

There is essentially:

 A couple of routers, for the uplinks and interfaces into the premise environment.
 Control servers that manage and provision the cloud environment and then Hypervisor severs
that run the applications Trading and AI and Database.
 A redundant Management and Data path to all. It will be a lot of automation built in as the
GPU equipment at KTH and at the collocation which will be linked in just like an extension to
the hypervisor servers and the storage at the development site.
 The Time Distribution Network will be a network overlay which again will be managed
through this environment which will be needed at the co-location facility.
 The Capture/Analytic appliances will also be needed at the co-location facility.
 All this will be sourced and deployed. The bank, the end user, will not require all the
additional things and will get away with a minimal set of hypervisor servers

The private cloud infrastructure and software will be deployed at various worldwide locations to
build up the necessary infrastructure for the BINTI Trading Service Network.

These locations will be:

 Exchange Colocation Data Centers: These will be at various colocations locations throughout
the world. Starting in Stockholm.
 SITLAB CPE: On premise equipment will be installed at SITLAB for the secure deployment of
AI Trading Agents and updates from Development into Operation.
 Trading Customer CPE: On premise equipment will be installed at the Trading Customer for
the secure flow of trading strategy recommendations from back testing analysis to enable
deployment of the trading strategy at that colocation facility.
 SITLAB Regional and WW AI Centers: These are not trading execution sites but sites that
consolidate “Intelligent Trading” data at a regional and WW level. Specialized machine
learning Trading agents will be learning about trades across different markets, as well as
taking input on geo-political data feeds with the specific task of making Trading
recommendations based on a specific colocation that will be fed into the order execution
queue at the specific local colocation site.

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Ultra-Low Latency Competitive Artificial Intelligence (AI)
and/or Machine Learning
As for quite a long time, automated trading systems have been used to monitor and act on stock
information by using artificial intelligence systems trained with historic trends and market data.
These predictions can continuously be honed and improved by circular feeds of response and
effectiveness of the recommended actions and their results. Artificial Neural Networks, Bayesian
Analysis, Fuzzy Logic and Hidden Markov Chains are commonly deployed in these AI applications.

We aim to further develop the AI powered decision-making platform, that makes it possible to
perceive and affect the ways in which many agents interact in complex environments.

The SITLAB team will comprise of experts in machine learning, probabilistic modelling, Gaussian
processes, reinforcement learning, decision theory, multi agent systems and game theory—all of
which goes into the company’s aim to build an AI decision making platform on a foundation of
interpretable principles of mathematics and learning.

Statistical approaches and artificial intelligence (AI) applications are widely used within the field of
high-frequency trading (HFT) to automatize the trading process.

The overall process of trading and risk assessment requires the ability to extract data from numerous
data streams in real time, then analyze this data and take actions based on the analysis.

Figure 8: Competitive Trading Agents in U/HFT Trading

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With the Binti Project we take off from prior art and proposes an innovation that allows the AI
learning to benefit from a competitive environment.

This is achieved by deploying several trading blocks in the system utilizing alternative hardware and
software technology including programming language, trading algorithms and machine learning
environment. While each trading block uses its own AI to make a decision, the overall architecture
allows the AI to consider the decisions of other trading blocks.

Moreover, the architecture enables sandboxing, i.e., the simulation of a trading environment.

The system can replay specific trading situations and the AIs can compete for the trade position even
offline – besides the trading hours – to improve their strategies.

Besides the benefit for the training of the algorithms, with the versatility and hardware diversity,
computer scientists can explore the best combination of compute and storage hardware to achieve
the best possible trading performance for a specific strategy.

Furthermore, a certain degree of information sharing between the AIs becomes possible. For
example, in the arena of trade order book arbitration and trade result feedback and real time parallel
simulation.

Success rates and the successful strategies can be shared for the purpose of evolving the AIs and for
adapting on rapid changes in the market.

This learning compensates for the lack of input to predict the behavior of competing companies
trading strategies.

The feedback between trading blocks is effectuated at multiple levels, for example:

• Choice of algorithm
• Individual stock level
• Order book proposal level

On all levels, a monitoring component allows to collect and exchange statistics such as the success
rate of a strategy in real time. This enables the overall system to improve the algorithms and
instantiate them on the best suitable hardware and software platform. Prior systems for high speed
trading have hither too been limited in their trial and error choice evaluation of the best performing
trading algorithms.

The selection of trading algorithms is an adaptive evaluation process where the adaptation of an
algorithm to the trading situation can be quantified as profit.

The present innovation allows for a better adaptation to profit through running and evaluating
multiple Parallel algorithms simultaneously in parallel architecture and adapting by allowing choice
to be effectuated by the best performing trade algorithm according to evaluation of the current
trading situation which then selects trades for the order book.

By implementing multiple real time trade simulations among which to pick the currently most
successful one, an innovative step has been achieved for ultra-fast speed trading that can react upon
changes on the stock market.

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Development and Operational Implementation
BINTI deliverable goals

The following is the key deliverables/Goals of the BINTI Service Network over the three year period:

 BINTI is a Hybrid Enterprise Trading Platform which offer consolidated Ultra High Frequency
(UHF)/High Frequency (HF)/Algorithmic Trading (AT) Direct Market Access (DMA) and Over-
the-counter Trading (OTC) capabilities which together, in the first stage of full production,
will enable enterprise risk management and value enhancement.
 BINTI will deliver the industry a broker-neutral, quantitatively enriched execution
management system (EMS) and encompass all facets of electronic and algorithmic trading
 The BINTI development project will leverage this open architecture to incorporate the
individual strengths of several “best-in-class” tools. The flexibility of this architecture will
enable fast, economic growth of the system and the ability to integrate best of breed tools.
 This project will be carefully structured to ensure the efficient integration of several project
partners. Transparency, documentation and a commitment to a hybrid development model
are all critical success factors to ensure each project member can contribute to the best of
their ability.
 The BINTI project will follow an agile development model with a series of sprints. These
sprints will provide the client with tangible evidence of successful progress toward the
ultimate vision and will also provide maximum project flexibility.
 Prop Trading Desks:
o The BINTI platform will be a fully customizable EMS designed to act as a central
platform for the creation and execution of algorithmic trading strategies for global
equities, futures, options and FX.
 Over The Counter (OTC):
o The BINTI project will provide a unified platform for both the electronic and OTC
trading of fixed income instruments.
 Fund Administration Services:
o The BINTI platform will address the unique needs of Administrators which may not
be in the market for trade execution purposes but still provide the ability to grow
and manage funds.

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Sitlab Strategic Technology Partners
The following table outlines the key partners involved in the key hardware and software elements
and infrastructure providers.

Element Organization Location Website

Development Platform
Infrastructure KTH PDC Stockholm, Sweden https://www.pdc.kth.se
FPGA Hardware Development CEI Colorado Springs, USA https://coloradoengineering.com
GPU Hardware Development N/A N/A N/A

AI Elements
Trading Development Flink Switzerland N/A
Trading Agent/Runtime Flink Switzerland N/A
GPU Acceleration Application Nvidia Cambridge, UK www.nvidia.com
GPU Database Kinetica London, UK www.kinetica.com
Game Theory Application RACS/RAVCAP Atlanta, USA N/A

Trading Elements
Market Data Handler Vela Trading London, UK www.tradevela.com
Algo Trading platform AlgoTrader Switzerland www.algotrader.com
Capture & Analytics Solarflare Cambridge, UK www.solarflare.com
Trading Database Quasardb Paris, France www.Quasardb.net
Asset Management RACS/RAVCAP Atlanta, USA N/A
Automation

Private Cloud Elements

Private Cloud Infrastructure CloudSeeds Hamburg, DE www.cloudseeds.de
Private Cloud Deployment CloudSeeds Hamburg, DE www.cloudseeds.de
Private Cloud Management CloudSeeds Hamburg, DE www.cloudseeds.de

Business Development
Trading and Cloud Integration JAAG Inc. Los Angeles, CA, USA www.jaagnet.com
AI Integration Flink Switzerland N/A
Binti multi-phase deployment JAAG Inc. Los Angeles, CA, USA www.jaagnet.com
Competitive AI Integration RACS/RAVCAP Atlanta, USA N/A

Table 1: Technology Partners

These are the key partners that will be delivering the BINTI trading service network.

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BINTI Roll out strategy
BINTI will be rolled out in phases the following key phases of the project will be implemented in the
approximate time frame:

Phase Go Live Date AI Trading Cloud

Phase1 October 2018 GPU and Cloud based Exchange Broker Stockholm
Trading Agents Trading Only Colocation Venue
only
SITLAB CPE
1 Trading Customer
CPE
Phase 2 March 2019 As above plus As Above plus U/HFT As above plus
Regional Trading Trading interfaces London and
Agent first release Frankfurt
Leverage IBM AI Colocations
technology at Frankfurt Regional
Regional sites DC in IBM facilities
Phase 3 September 2019 As above plus WW As above As above plus NY,
Trading Agent First Chicago and Dubai
Release Colocation sites.
Dubai and
Washington DC
Regional Sites
Stockholm WW site
Phase 4 March 2020 As above plus As above As above plus
Leverage IBM AI Chennai, Tokyo,
technology at WW Hong Kong and
sites Singapore
colocations plus
Tokyo regional site
Phase 5 October 2020 As above As above As above plus
Sydney, JS, Sao
Paulo, Mexico and
Canada colocation
sites and Singapore
Regional site.
Phase 6 March 2021 Exit Strategy/IPO Exit Strategy/IPO Exit Strategy/IPO

Table 2: BINTI Rollout Strategy

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Cloud based AI Trading Service Network (BINTI) Summary

SITLAB has mapped out their Vision and Architecture for a Cloud based AI Trading Service Network
that spans the globe known as BINTI.

It has highlighted the major elements of the system namely AI, Trading and Private cloud.
It has highlighted the primary technology providers and third-party coordinators involved in
implementing such a service network. It has provided a timeline of rolling such a platform out
worldwide over a three-year period. During this period, it will be developing a vast array of
intellectual property and knowledge which will stand it in a good valuation for a possible exit
strategy. This IP will be developed in the areas of:

 AI Self Learning Trading Agents

 Distribution of Intelligence across Regional and world wide levels and its use in Trading
decisions
 Integration of Algorithmic based AI trading and U/HFT trading for a very Hybrid environment.

Custom Custom Custom Custom Custom

Custom Custom Custom Custom Custom
Custom Custom Custom Custom Custom
Colocation Infrastructure Intelligent KPIs Custom
Algo Algo Algo Algo Algo Algo Algo
Custom
IBM Cloud
Cloud IBM Cloud
Washington, Cloud Custom
Infrastructure London 02,
D.C. 01 Infrastructure
England
USA

IBM Cloud IBM Cloud

Frankfurt 02, Chennai 01,
Germany India

Consolidated AI Service
AI Data IBM Cloud IBM Cloud Intelligent
Deployment &
Tokyo 02, Singapore 01, Updates Order
Japan Singapore

Frankfurt, New York, London, Chicago, Tokyo, Singapore, Hong Kong, Dubai
Customs Emulated Trading Platform

Figure 9: BINTI Cloud Based Infrastructure World Wide

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 Exchanges Exchange Colocation facilities AI Service Deployment
& Updates

SITLAB at KTH (Stockholm)

SITLAB AlgoTrader 3
Cloud Infrastructure N. America SITLAB
Trading SITLAB DEV. OPS
Exchange Regional A/I LAB
SITLAB AlgoTrader 1
N. Amer 1. Services
Cloud Infrastructure

SITLAB AlgoTrader 3
Cloud Infrastructure WW
Trading
Exchange SITLAB
EMEA2 SITLAB AlgoTrader 1 AI Services
Cloud Infrastructure
EMEA
SITLAB SITLAB WW A/I DC
Regional A/I
Services
SITLAB
AlgoTrader
AlgoTrader
2 2
Cloud Infrastructure
Trading
Exchange SITLAB
AlgoTrader
AlgoTrader
1 1
EMEA1 Cloud Infrastructure

Intelligent SITLAB Cloud Colocation SITLAB Cloud Regional SITLAB Cloud WW & Dev.
Trades Infrastructure locations Infrastructure locations Infrastructure locations

Figure 10: WW AI Agent and AI KPI Distribution

Exchanges Exchange Colocation facilities AI Service Deployment Traders Dev Ops locations
& Updates

SITLAB AlgoTrader 3
Cloud Infrastructure Trader 1
Trading
Exchange CPE
SITLAB AlgoTrader 1
N. Amer 1.
Cloud Infrastructure

SITLAB AlgoTrader 3
Cloud Infrastructure
Trading Trader 2
Exchange CPE
EMEA2 SITLAB AlgoTrader 1
Cloud Infrastructure

SITLAB
AlgoTrader
AlgoTrader
2 2
Cloud Infrastructure Trader 3
Trading CPE
Exchange SITLAB
AlgoTrader
AlgoTrader
1 1
EMEA1 Cloud Infrastructure

Intelligent SITLAB Cloud Colocation SITLAB Cloud Regional Traders CPE Cloud
Trades Infrastructure locations Infrastructure locations Infrastructure locations

Figure 11: WW Trader Access

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 Sitlab core technology will be founded on mathematical principles from three
previously segregated fields: probabilistic modeling, machine learning and game theory.
By merging these three fields, the Binti platform allows for decision-making based on
interpretable principles for the first time ever. The platform will use powerful statistical
tools to generate flexible, dynamic probabilistic models which provide new insights
about virtual or physical environments; machine learning and decision-making
methodologies that are more visible and interpretable than those that take place within
deep neural nets; and multi-agent systems that are much more flexible, adaptable and
strategically interactive than traditional decision-tree based systems.

Sitlab team will comprise experts in machine learning, probabilistic modeling, Gaussian
processes, reinforcement learning, decision theory, multi agent systems and game
theory—all of which goes into the company’s aim to build an AI decision making
platform on a foundation of interpretable principles of mathematics and learning.

We aim to further develop the AI powered decision-making platform, that could makes
it possible to perceive and affect the ways in which many agents interact in complex
environments.

Scinture Innovation Technology Laboratory (Sitlab) AB (Publ)

BOX 7177
103 99 Stockholm
Sweden

info@sitlab.se

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