Artificial Intelligence Trading and the Opportunities for Growth
Last week, Stockholm IT Ventures AB (SITV), a Swedish tech company specialised in cryptocurrencies and blockchain technologies, announced that Blocktrade Technology (BTT), its subsidiary, has signed a software license agreement with Valens Bank. The agreement states that Valens Bank will use the BTT Crypto Trading Toolbox for crypto fund trading services, allowing professional traders (as stated in the website) to “actively manage their clients digital assets” using its Artificial Intelligence trading tools.
Early this August, Sarah Butcher, the Global Editor for eFinancialCareers, pointed out how “one type of finance professional is particularly popular this year: the systematic or algorithmic (algo) trader. Whether it’s to work on the central risk book or creating algos for customer trades, banks are busy looking for algo trading talent.”
Financial traditional giants such as Goldman Sachs and J.P. Morgan are hiring top level talent in the field of algorithmic trading, in the attempt of catching up, regaining some of the ground lost to the newly created FinTech companies like Elpis Investments, that are pushing hard and successfully the innovation in this field.
This news followed the new report from the World Economic Forum (WEF) published in August 2018, made through interviews with the world’s leading financial experts and industry leaders. According to MIT Technology Review, the report finally concludes “that Artificial Intelligence will disrupt the industry by allowing early adopters to out-maneuver competitors.”
The World Economic Forum (WEF) report, entitled “The New Physics of Financial Services”, “also suggests that the technology will create more convenient products for consumers, such as sophisticated tools for managing personal finances and investments.”
According to the report, “incumbents may have to shift strategies to capture opportunities in AI,” as the new competitors in the field are introducing “new products and services that may be complementary to or substitutes for existing offerings.”
The World Economic Forum (WEF) report’s findings are interesting for a FinTech startup company such as Elpis Investments that is creating an Artificial Intelligence-driven system capable of analysing unstructured data that reveal patterns not identifiable by human-based technical analysis and leveraging the latest AI technologies such as Machine and Deep Learning, to increase the efficiency of its strategies, to engage both the traditional, institutional investors and a new breed of retail, non-professional investors, that were so far unable to access the trading experience.
As the report points out, “high-net-worth individuals have historically had access to highly personalised products and services,” but now Artificial Intelligence “allows for similar customisation to be offered at a significantly lower cost, making such products and advice available to mass market.” In fact, “both retail and commercial customers will benefit as better, AI-driven, decisions improve financial outcomes.”
Elpis Investments mission is clear and ambitious: thanks to our Artificial Intelligence-based system, we want to become a leader in the trading and blockchain space by operating more efficiently than the traditional trading competitors, working on performance only, while building an organisation with a totally open structure, transparent for the clients that, thanks to the blockchain, will be constantly able to verify and audit the transactions.
Elpis Investments bigger, and perhaps more ambitious, goal is to open up and extend the access to Elpis Investments trading system and fund management technologies to everybody. As the WEF report’s underlines, “unlike past ‘AI Springs’, the science and practice of AI appears poised to continue an unprecedented multi-decade run of advancement:” the opportunities for growth are open and bigger than ever: Elpis Investments is building a solid project with real value to grab them.
If you are looking for a solid and trustworthy Artificial Intelligence-driven Trading Company and want to participate in our ICO, check out our website www.elpisinvestments.com, or join our Telegram group to get in touch directly with us.
Chief Editor of Elpis Investments, the first AI-driven Crypto and Traditional Assets Investment Company: www.elpisinvestments.com, email@example.com