Today I read a press release that caught my attention, specifically regarding artificial intelligence-based trading orders and the role that the SEC has begun to play in this nascent segment of the cryptocurrency market.
According to the article reported by Tristan Greene "Nasdaq has announced that the US Securities and Exchange Commission (SEC) has approved its application to launch the first artificial intelligence-based order type on 8 September."
He also indicated that "The new system, called the dynamic extended half-life order (M-ELO), extends the M-ELO automated order type by making it "dynamic", meaning it will use artificial intelligence to update itself and essentially recalibrate itself in real time."
One of the elements that caught my attention is that "Order types are a set of software instructions that execute specific pairs of trades at exact market price thresholds. This form of automation has been around for some time, but the new AI-based order type is the first of its kind to use real-time reinforced learning AI to execute orders".
I would like to hear your thoughts on this.
SOURCES CONSULTED
Cointelegraph. Nasdaq receives SEC approval for AI-based trade orders. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
