Wall Street firms and traders are moving more and more into the realm of AI’s and new tech.
The latest improvment will come from Nasdaq Inc. Fund managers and some traders will get some help starting Tuesday in using data from sources like social media, announcements from central bank and retail sentiment to help improve their bottom line.
The Nasdaq Analytics Hub will use machine intelligence, a subset of artificial intelligence, to derive signals from end-of-day data that market participants can use to enhance investing strategies, the exchange operator said.
The data from Nasdaq and third party providers are vigorously vetted with the help of financial technology startup Lucena Research, Mike O’Rourke, global head of machine intelligence and data services at Nasdaq, said in an interview.
Full article: Machine Intelligence Comes to Nasdaq (TruNews)