Leading fintech firm committed to contributing to important advances in artificial intelligence

Montreal, Quebec, December 1, 2020 – DRW, one of the premiere global firms using technology to drive financial market efficiency, today announced its strategic alliance with Mila, grounded in a mutual commitment to harnessing the power of artificial intelligence (AI) to tackle some of the world's most complex problems.

DRW has a history of being on the cutting-edge of technology adoption and innovation, making a partnership with Mila a natural fit.  Through its membership, DRW will actively work to bring its industry knowledge to the important issues being addressed by the institute, while simultaneously benefiting from the tremendous ecosystem Mila has built, especially in Montreal.

“We are thrilled to join the groundbreaking work that is happening at Mila, as we share a mindset that technology offers opportunities to build new things, advance innovation and get curious about what’s possible,” said Eric Bellerive, Director at DRW.  “Our team is passionate about unlocking the full potential of AI, both in our work in the global financial markets and in our everyday lives.  Mila gives us a world-class resource for engaging in this work and using our expertise in new ways.”

“The fintech industry has a track record of integrating the latest technologies into systems that underlie our global economies,” said Yoshua Bengio, Founder and Scientific Director of Mila. “The DRW team has expressed tremendous enthusiasm for bringing this experience to a host of other areas beyond their core business, which demonstrates their interest in driving important outcomes in partnership with our other members.”

About DRW

DRW is a diversified trading firm that utilizes their own capital and trades at their own risk. The firm has more than 1,100 employees in offices in Amsterdam, Austin, Chicago, Greenwich, Houston, London, Montreal, New York, Singapore and Tel Aviv. DRW brings sophisticated technology and exceptional people together to solve complex problems in markets around the world and across many asset classes. DRW is motivated to compete at the highest level and unified by a commitment to operate with respect, curiosity and an open mind.

About Mila

Founded by Professor Yoshua Bengio of the Université de Montréal, Mila is a research institute in artificial intelligence which rallies about 700 researchers specializing in the field of deep learning. Based in Montreal, Mila’s mission is to be a global pole for scientific advances that inspires innovation and the development of AI for the benefit of all. Mila is a non-profit organization recognized globally for its significant contributions to the field of deep learning, particularly in the areas of language modelling, machine translation, object recognition and generative models.

DRW Media Relations

E-mail:  mediarelations@drw.com