Live Chat

Crypto News

Cryptocurrency News 1 years ago
ENTRESRUARPTDEFRZHHIIT

Nasdaq Approved to Launch First AI-Driven Order Type, Revolutionizing Trade Execution

Algoine News
Summary:
Nasdaq has received approval from the SEC to launch the first AI-driven order type called the dynamic midpoint extended life order (M-ELO). This innovative system uses real-time reinforcement learning AI to optimize trade execution and speed up orders placed with the system. Analysis of over 140 data points every 30 seconds allows the M-ELO order type to adapt to market conditions. This marks a significant advancement in automation within the capital markets.
The United States Securities and Exchange Commission (SEC) has given its approval for Nasdaq to introduce the first AI-driven order type on September 8. Known as the dynamic midpoint extended life order (M-ELO), this innovative system builds upon the existing M-ELO automated order type by incorporating artificial intelligence, allowing it to adapt and recalibrate itself in real-time. By integrating real-time reinforcement learning AI, this new order type aims to accelerate the execution of trades, marking a significant advancement in automation within the capital markets. Nasdaq's data sheet reveals that the AI-powered order type analyzes over 140 data points every 30 seconds on a symbol-by-symbol basis, enabling it to detect market conditions and optimize the holding period before executing a trade. Further details on this development will be shared as they become available.

Published At

9/8/2023 4:40:32 PM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

๐Ÿš€ Algoine is in Public Beta! ๐ŸŒ We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! ๐Ÿ’ก #AlgoineBetaLaunch