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SEC Approves Nasdaq's AI-Powered Order Type as AI Dominates Traditional Finance

SEC Approves Nasdaq's AI-Powered Order Type as AI Dominates Traditional Finance
On September 8, 2023, Nasdaq announced that it had obtained approval from the Securities and Exchange Commission (SEC) to launch Dynamic Midpoint Extended Life Order, an exchange order type that is powered by Artificial Intelligence (AI). It is the first exchange order type that is backed by AI to enhance efficiency.According to a statement by the SEC-regulated exchange, the core principle behind Dynamic M-ELO is to match traders who share longer-term investment horizons, fostering a more aligne... Read More
Posted: Sep 8 2023, 16:29
Author Name: financemagnates
Views: 092188

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