Blockchain Daily News - DLT, token, ICO, crowdsale journal
Blockchain Dail Blockchain Dail
Blockchain Daily News - DLT, token, ICO, crowdsale journal
 
              

AiX Announces the First Artificial Intelligence Broker to Bridge Cryptocurrencies and Traditional Financial Markets


AiX today announces the first artificial intelligence broker to bridge the worlds of cryptocurrencies and traditional financial markets. AiX will use a chatbot to disrupt the traditional brokerage model, executing trades on behalf of traders and reducing commissions by up to 95%. It will use machine learning technology to automatically discover the best deals for traders, heralding a new age of democratised financial systems.






Jos Evans, a former broker, and founder and CEO of AiX, says: "I spent more than a decade working as a trader and broker, ultimately building and selling my own brokerage firm, Red Ops Ltd. I know from first-hand experience that Interdealer Brokers are expensive, inefficient and opaque. They are a hangover from the 1980s. Open outcry trading has already almost entirely been replaced by electronic markets, it's time to replace the IDB dinosaurs."

AiX is building a hugely disruptive trading tool, made possible by using the latest blockchain technology for proof and transparency. Trading eligibility in the form of KYC and AML information will be recorded on the blockchain, ensuring regulatory requirements are met. Additionally, every trade will write an Evidence Tree to the blockchain, which provides a complete, auditable record of the data and decisions used to make the trade.

Jos Evans continues: "Cryptocurrencies are fast approaching $200 billion in market capitalisation. That is still only a rounding error in global financial markets, but investors and traders are starting to take notice. We will bridge the gap between cryptocurrencies and traditional financial markets, allowing cross-market trades using the simplest of interfaces, a chatbot. Most importantly, we will use artificial intelligence to optimise every trade."

Artificial intelligence has now reached the point that it can replace traditional broker roles of price discovery and cross-market execution, even for over-the-counter (OTC) trades or when accessing dark pools of liquidity. AiX's artificial intelligence engine is powered by Rainbird, the first auditable cognitive reasoning engine.

Artificial intelligence and automated decision-making are heralding the fourth industrial revolution. With AiX, brokers and market makers will be replaced by an AI-powered engine which will promote greater efficiency and democratisation in the financial markets.
ai-x.ai

SOURCE AI-Exchange

Les médias du groupe Finyear

Lisez gratuitement :

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer


FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 4 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief Digital Officer

Finyear magazine digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear

Wednesday, November 8th 2017
Rate it


New comment:

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

More on Blockchain Daily News



Recevez la newsletter quotidienne



Cryptocurrencies


Conferences


Liens utiles