Interactive Brokers enhances algorithms behind IBot

Maria Nikolova

The algorithms in question concern cases where the robot is not completely sure what a trader is asking.

Binarystation launches enterprise solution and provides source code to brokers

One of the most apparent pieces of proof of the advancements of artificial intelligence in the world of online trading is IBot, the natural language solution developed by Interactive Brokers Group, Inc (NASDAQ:IBKR).

The solution has enjoyed a series of enhancements in the latest version of the TWS platform and the current efforts of the company aim to further beef up the functionalities of IBot by improving the algorithms behind it. In particular, the company says that in the current (beta) release of TWS, it has improved the algorithms used to generate possible results in cases where IBot is not sure what a trader is asking.

In other words, the latest refinements concern the cases where the bot may not understand a given command and returns a “Potentially misunderstood” warning message, accompanied by a best-efforts result.

This is normal for an AI solution, as such products have to learn and be trained.

IBot already covers a decent variety of commands. These range from “Buy 300 more shares” to “Show my account margin”. The bot also helps traders to also scan the markets for, say, the most active US stock. The solution also provides information on market depth, helps work with option chains, simplifies work with calendar, etc.

Earlier this year, Interactive Brokers integrated its website search with IBot to enable educational and task-based returns. As a result, IBot can answer such queries as “How do I fund my account?” and “How do I transfer funds?” by delivering the top five best information links from Interactive Brokers’ website.

IBot was first rolled out in the fall of 2016 with the key purpose to provide a natural way to trade. Using “natural language” means that traders avoid the disadvantages that come with a standard interface, as they are able to speak (or type) commands without worrying about the precise wording.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<