Short Intro
Basis Technologies, a leading provider of foreign-exchange trading automation, has named Mike Hoyle as its new Executive Vice President of Artificial Intelligence. In this role, Hoyle will shape the company’s AI strategy, drive product innovation, and help clients tap into machine learning for smarter, faster trade execution. His appointment underlines Basis’s commitment to advancing AI within the finance industry.
Main Article
Since its founding in 2003, Basis Technologies has focused on automating complex workflows in global currency markets. The firm’s flagship products help banks, asset managers, and hedge funds execute foreign-exchange trades with minimal manual effort. Now, as artificial intelligence reshapes financial services, Basis is doubling down on AI by bringing Mike Hoyle on board.
Hoyle joins Basis with more than 20 years of experience in data science, machine learning, and financial technology. Most recently, he led AI strategy at Refinitiv, a world-class data and analytics provider. There, he oversaw teams that built predictive models for risk management, price forecasting, and regulatory compliance. Before that, he held senior roles at Thomson Reuters and a fintech startup, where he drove product development in algorithmic trading.
At Basis, Hoyle will report directly to CEO James Lyons. His core mission is to integrate advanced AI capabilities into every stage of the trading life cycle. That includes pre-trade market analysis, real-time execution tactics, post-trade analytics, and compliance monitoring. By automating these functions, Basis aims to cut costs, reduce human error, and help clients find hidden opportunities in the FX market.
“Mike brings the perfect mix of vision and hands-on experience,” said Lyons. “His track record at top data firms and his deep understanding of machine learning will accelerate our AI roadmap. We want to give our clients tools that learn from millions of data points and adapt to changing market conditions in real time.”
Under Hoyle’s leadership, the company plans to launch a suite of AI-driven modules over the next 12 months. These modules will offer:
• Predictive analytics that use historical order flow and macro signals to forecast liquidity and price moves.
• Smart execution engines that adjust trading tactics on the fly to minimize market impact.
• Automated post-trade insights that highlight cost savings, slippage patterns, and compliance risks.
Hoyle emphasizes a user-centric design. “We will build AI features that traders actually want to use,” he said. “Our goal is to embed machine learning where it adds real value—making workflows smoother, decisions faster, and outcomes more reliable.”
Basis’s decision to bolster its AI bench comes as the wider financial world races to deploy generative AI, deep learning, and natural language processing. Banks and asset managers face pressure to modernize aging systems, cut back-office costs, and meet ever-stricter regulations. Advanced algorithms can help firms spot anomalies, flag suspicious activity, and generate compliance reports, all while adapting to new rules.
“In today’s markets, speed and accuracy are everything,” noted Hoyle. “AI can spot trends in seconds that might take a human hours to uncover. But technology alone isn’t enough. You need domain experts who understand both the math and the markets. That’s the value we deliver at Basis.”
Clients can expect a phased rollout of these AI tools. Basis plans to pilot key modules with select partner firms before a full release. Early testing will focus on high-volume currency pairs and peak trading hours. Feedback from those pilots will guide refinements in model design, user interfaces, and integration with existing trading platforms.
In parallel, Basis is expanding its AI team. The company plans to hire data scientists, machine-learning engineers, and AI product managers across its London and New York offices. These hires will collaborate with Basis’s existing product, engineering, and client-services teams to ensure that AI features mesh seamlessly with the broader software suite.
Industry analysts see Basis’s move as timely. “The FX automation market is maturing,” said Clara Jensen, a fintech analyst at MarketPulse Research. “Vendors are under pressure to add genuine intelligence, not just automation. Bringing in a heavyweight like Mike Hoyle shows Basis means business in the AI space.”
Jensen adds that mid-sized banks and asset managers, in particular, stand to gain. These firms often lack in-house AI expertise. By tapping Basis’s new AI offerings, they can access cutting-edge algorithms without hiring entire data-science teams. That levels the playing field and could accelerate the shift toward more automated, insight-driven trading.
Looking ahead, Hoyle and the Basis leadership team will explore partnerships with universities and research labs. They aim to stay at the frontier of AI advances—whether in reinforcement learning, anomaly detection, or natural-language processing. “The field moves fast,” Hoyle said. “We want to work with the best minds in academia and industry to keep our clients ahead of the curve.”
As Basis steps into this new chapter, clients and competitors alike will be watching. If the company delivers on its AI promises—predictive models that really predict, execution engines that truly adapt, insights that drive better decisions—it could redefine how FX markets operate. For now, Hoyle’s arrival marks a clear signal: the AI era in foreign-exchange trading is here.
3 Key Takeaways
• Basis Technologies hires Mike Hoyle to lead its AI strategy and product development.
• New AI modules will cover predictive analytics, smart execution, and automated post-trade insights.
• Phased rollout and client pilots will refine tools before full release, leveling the playing field for mid-sized firms.
3-Question FAQ
Q1: Who is Mike Hoyle?
A1: Mike Hoyle is a seasoned AI and data-science leader with over two decades of experience at Refinitiv, Thomson Reuters, and fintech startups. He specializes in building machine-learning models for financial markets.
Q2: What will Hoyle do at Basis?
A2: As EVP of AI, he will define and execute Basis’s AI roadmap. His team will develop tools for market forecasting, trade execution, and post-trade analysis—integrating machine learning into Basis’s FX automation platform.
Q3: How will clients benefit?
A3: Clients will gain access to advanced AI modules that reduce manual tasks, flag trading opportunities, and streamline compliance. Smaller firms can leverage top-tier AI without building their own data-science teams.
Call to Action
Want to learn more about Basis’s AI journey or sign up for early access to its new tools? Visit BasisTechnologies.com/AI or contact our team to schedule a demo today.
