Finance Feeds logo

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.

Subscribe

Read this next

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Symbol of Ramp network
Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Mayne Ayliffe joins INFINOX
Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Journalists interviewing a man with blue and red microphone
Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

<
✖