Only yesterday, we commented on the launch of the world’s first A. I.-driven ETF ‘EquBot LLC, in partnership with ETF Managers Group (ETFMG) launched the world’s first ETF powered by artificial intelligence, the AI Powered Equity ETF (NYSE Arca: AIEQ). According to Business Wire, the new ETF uses ‘cognitive and big data processing abilities of IBM Watson to analyze U. S.-listed investment opportunities’.
A mere 24 hours later and JPM has joined the party as Bloomberg reports,
At the world’s biggest debt dealer, traders can have trouble making sense of all the action as it happens. So JPMorgan Chase & Co. is bringing in artificial intelligence to give them a picture of the whole trading floor — and even predict where markets are going. MSX, a data analytics and machine-learning program, is being deployed in the bank’s fixed-income sales and trading operations, New York-based JPMorgan said Monday in a statement. It will compile data from all desks and orders to give salespeople and traders a clearer picture in real time and help them anticipate market moves. Developed by London-based start-up Mosaic Smart Data, the program is already used in JPMorgan’s rates trading.
This post was published at Zero Hedge on Oct 23, 2017.
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