“SEC Approves Nasdaq’s AI Trading Tool: M-ELO Enhances Efficiency with Real-time Order Adjustments, Demonstrating Promising Results”
Despite strict crypto regulations, the SEC’s approval of AI is raising eyebrows due to potential double standards on innovation. In a rapidly evolving landscape, AI is gaining prominence, notably through tools like M-ELO, which uses real-time AI to rapidly adapt to market shifts.
Unlike older approaches, it adjusts order durations continuously using real-time data, offering greater flexibility. The primary aim is to improve liquidity and the quality of trade execution.
How Will It Benefit Traders?
Enhancing Tools for Traders: Traders will now have access to more tools to navigate the potentially unpredictable world of unregulated cryptocurrency markets. The technology’s future usefulness in these markets remains uncertain, but this advancement aligns with Nasdaq’s commitment to offering innovative solutions to market participants.
Innovation Beyond Crypto: Nasdaq’s focus on innovation extends to various areas, including dynamic multi-exchange link optimization (M-ELO) and predictive AI in US options markets. These upgrades aim to boost efficiency and meet the evolving needs of traders. Kevin Kennedy, Nasdaq’s VP of Trading, is enthusiastic about collaborating with market participants to provide top-tier solutions.
Dynamic M-ELO’s Impact: The introduction of Dynamic M-ELO represents a significant step in integrating AI into trading systems. It has shown notable improvements in order fill rates and reductions in mark-outs, indicating a positive impact on trading efficiency and effectiveness. This feature analyzes each symbol individually, processing over 140 pieces of information every 30 seconds to determine the optimal trade timing.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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