JPMorgan Targeting a Q4 Rollout for its AI Equities Utility, LOXM

[kreslik.news]

Are Artificial Intelligence (AI) programs more efficient than traditional buying and selling methods? JPMorgan is the latest bank to pursue research into this field, developing a first generation bot to execute trades across its global equities algorithm business. Per the group’s latest trial however, the AI utility known as LOXM was shown to demonstrate improved efficiency over existing means, per an FT report.

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Exactly what this means for the broader equities industry is simply a matter of conjecture at this juncture. Robotic trading or the use of AI rather has long been ... (read more)