AiX completes first AI brokered trade
Today we’ve announced that we have completed the first ever trade brokered by an AI powered chatbot. The trade is the first of its kind to use AI technology instead of the traditional human brokerage model, completing a successful cryptocurrency transaction between Rockwell Capital Management and TLDR Capital.
A word from our CEO
“This trade is a milestone in AI innovation coming to the forefront of financial services and another step on the journey for AiX. The potential for AI to revolutionise and benefit the sector is huge and we are proud to be a part of pushing this change forward.
Enabling AI technology to disrupt the inter dealer brokerage will make trading more efficient, transparent and cheaper for professionals and over time this will trickle down to deliver savings for investors everywhere.”
How does it work?
The AiX broker executes trades through emulating human decision-making and natural language to handle thousands of conversations simultaneously, both with traders and systems. AiX communicates with multiple traders for the best price, allows for tailored bidding, and feeds real time information when conditions fluctuate, all in a fraction of the time it would take when dealing with traditional brokers.
Informed by machine learning, the technology autonomously discovers the best and most relevant deals for traders and over time will anticipate decision making. The trade recording feature provides a complete, auditable record of the data and decisions used to facilitate the trade, enhancing transparency in the industry.
The future
Concurrently to this first AI brokered trade, we are finalising our series A investment round which will enable us to bring our technology to market very quickly. If you’re interested in understanding more about how AiX works visit our website https://www.aix.trade or email: help@aix.trade
