Why are you using AI? Do you feel traders will benefit? Are you confident to make this work?
Over the past 20 years the world has witnessed an exponential technological progress. Emerging Artificial Intelligence (“AI”) applications have shown to outperform humans in many competitive areas: from games like Go (AlphaGo and AlphaZero), to helping doctors to detect tumors, or navigate through busy city streets (driverless cars).
As for digital technology, it connects people and breaks down barriers between countries. The blockchain technology has initiated a revolution in the way human transactions happen: people can now enter into direct, transparent, “smart” contracts requiring minimal government regulation. A new system of secure transactions (cryptocurrency) has been created, not backed by any government.
On the whole, digital technologies open a new realm of unbelievable possibilities for ordinary people, notably on financial markets, on which the daily volume of trades is now worth more than five trillions US dollars.
However, financial markets, despite being early adopters of new technologies, are still dominated by a few entrenched players: banks, hedge funds and institutional market makers. This gap between ""insiders"" and ordinary traders (comprising tens of millions of individuals) is only growing since new technologies are too expensive and only deployed by large market players with “deep pockets”. For several years, large hedge funds and banks have actively introduced AI technologies to help them in their trading operations. The AI processes data, develops algorithms, searches for dependencies, assesses undervalued stocks and securities, and even manages
investments. Results are impressive: according to the Eurekahedge report, one of the leading hedge fund analysts, the 17 funds using AI for asset management purposes outperform those whose assets are only managed by human beings. AI-assisted funds returned 91% compared to 40% of human-managed funds over the 2011-2018 period.
At AITrading, our mission is to reduce this information gap on financial markets and to make AI-assisted wealth management accessible to everyone. The AITrading ecosystem combines AI and Blockchain capabilities on a single trading platform open to ordinary investors as well as to sophisticated stakeholders. Both classes of users will benefit from the AITrading value proposition.
