Financial market watchdogs to use A.I. to catch cheaters

Stock market cheats, A.I. will soon be looking for you. The sheer volume of transactions conducted in financial markets renders market surveillance by regulatory groups difficult, but machine learning and artificial intelligence tools will soon be employed to ferret out cheaters, according to Reuters.The Financial Industry Regulatory Authority (FINRA) is developing A.I. that it will start testing in 2017 along with its existing surveillance and detection mechanisms. NASDAQ and the London Stock Exchange Group intend to start using artificial intelligence to spot trade irregularities and violation patterns this year. Related: Future AI assistants like Siri could be trained by Joey from ‘Friends’ Reuters reports that financial firms already use artificial intelligence for picking stocks and for monitoring their own firms’ compliance. Regulatory groups, on the other hand, are just beginning to work…

Link to Full Article: Financial market watchdogs to use A.I. to catch cheaters

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!