Nasdaq gets SEC’s Approval to Trade with AI
Nasdaq gets a green light to use AI for trading! This new system can adjust itself and may speed up trades. Early tests show promising results.
Nasdaqgot permission from U.S. SEC on September 8 to start using AI in their trading system.
They are using a new system called M-ELO midpoint extended life order . This system uses the latest AI to always readjust itself and make better trades.
When we talk about order types, we mean special computer steps to help with trading.
Before, machines helped with trading using automated order types. But now, with AI aiding trades, it's a big step forward. Which could make trades faster.
During test-runs, M-ELO with AI did really well. It made trading 20.3% faster and reduced mistakes by 11.4%.
This system checks a lot of data really fast to make trading better. Unlike old ways, this new method should get better results without big changes in the market.
Using AI in finance is changing the money world a lot.
Models like ChatGPT now help people learn about stocks and digital money.
Before this, Nasdaq used AI to help sort through millions of trading options in the U.S. market.
Cryptocurrency, a digital money world, is also seeing the benefits of AI. Just like Nasdaq is using AI for stocks, crypto platforms are using AI to make trading digital coins smarter and faster. This shows that both traditional and digital finance are moving towards a future powered by AI.
