Robots advance in mobile world, as IBot becomes available on Android devices

Maria Nikolova

Several months after iOS device users got access to Interactive Brokers’ IBot, owners of Android-powered gadgets will also be able to make use of the AI solution.

The week that is drawing to its end has been in rich in developments in the artificial intelligence (AI) area. Japan’s Rakuten is planning to launch its AI platform, whereas US online trading expert TradeStation is working on its own AI project codenamed EVA.

One of the key AI solutions that is making strides in the financial services world is IBot, the natural language interface to trading developed by the team of electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR). The solution became available to owners of iOS mobile gadgets in the fall of 2016 but is now expanding further.

The latest version of IB TWS mobile application for Android devices introduces IBot. The robot, as FinanceFeeds has reported earlier, understands commands in a number of different areas of interest to traders, ranging from account information to charts and quotes.

IBot has undergone rapid development since its initial launch and now supports a variety of functions. Earlier this week, it became clear that the latest (beta) version of the TWS platform for desktop provides IBot with some additional capabilities, as Interactive Brokers has integrated its website search with IBot to enable educational and task-based returns.

Apparently, the AI solution is overtaking many of the functions of the traditional customer support staff. The possibility of robots replacing human beings in certain roles is thus emphasized. And although many are still skeptical about this perspective, it is worth remembering that Japan’s Fukoku Mutual Life Insurance is replacing 34 of its employees with IBM’s Watson Explorer Artificial Intelligence system.

Going back to the topic of IBot and mobile applications, it is worth noting that Interactive Brokers is inviting customers to take part in Mobile Beta Testing of its applications for Android gadgets. To participate, one has to install the beta version of IB TWS for Mobile from the Google Play Store. The broker reminds traders that the beta version is a live trading session and all trades made in beta are real trades in one’s account.

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