Nasdaq's M-ELO Tool Represents Stock Market's AI Adoption, But With SEC Approval
Portfolio Pulse from AJ Fabino
The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq Inc’s (NASDAQ:NDAQ) new artificial intelligence (AI)-powered trading tool, the Midpoint Extended Life Order (M-ELO). The tool uses AI to adjust to real-time market conditions, aiming to improve trade completions and reduce market impact. Nasdaq's research supports the move towards AI integration, with a 20.3% increase in trade completions and an 11.4% drop in unsuccessful trades observed.
September 08, 2023 | 4:41 pm
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Nasdaq's new AI-powered trading tool, M-ELO, has been approved by the SEC. The tool aims to improve trading outcomes, which could enhance Nasdaq's reputation and potentially increase its market share.
The approval of Nasdaq's AI-powered trading tool by the SEC is a significant development for the company. The tool's ability to improve trading outcomes could make Nasdaq's platform more attractive to traders, potentially leading to an increase in its market share. This could have a positive impact on Nasdaq's stock price in the short term.
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