Nasdaq receives SEC approval for AI-based trade orders By Cointelegraph
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Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first exchange AI-driven order type on Sept. 8.
Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it “dynamic,” meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time.
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Nasdaq announced that the United States Securities and Exchange Commission has approved its request to operate the first exchange AI-driven order type on Sept. 8.
Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it “dynamic,” meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real-time.
Continue Reading on Coin Telegraph
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