SquaredFinancial announces partnership with Lusis for AI powered trading strategies

Karthik Subramanian

SquaredFinancial, the fintech trading platform, has announced a partnership with the French-based software company Lusis to launch 2 trading strategies that are AI-powered and which have been proved to be reliable and strong in their performance.

This is part of the strategy of the company to combine cutting-edge technology and platforms to help their customers and the company has said that it has seen an increase of over 40% in its userbase over a 12 month period ending in June. The 2 AI strategies would be launch in the coming months and the company has also said that this would only be the start and more AI-based strategies would be introduced into the platform in the future so that its users have a wide choice of strategies to choose from.

Philippe Ghanem, Executive Chairman of Squared Financial, said: “Our partnership with Lusis is fantastic news for our clients. It enables us to take advantage of the latest AI developments in algorithmic trading to provide them with the best execution possible. We look forward to a long-term partnership with Lusis as we continue to develop further AI strategies.”

One of the AI strategies is said to combine price action from the previous days and indicators along with the London open price to take a single trade during the morning. The other AI strategy uses the intraday price action from the Tokyo and London sessions and combines them with indicators to decide for the New York session later in the day. Both have been benchmarked during 2020/21 and the fact that the company has chosen these 2 strategies to be the first AI-based strategies on its platform should mean that they have done well during the benchmark period.

Philippe Préval, CEO of Lusis, said: “We are proud to partner with SquaredFinancial, they are changing perceptions of how a FinTech company should be operated. AI is key in our strategy for the coming years in trading as in other business areas such as payment fraud, credit scoring, loyalty, or recommendations. We look forward to growing our partnership further as we introduce new products to market.”

Various FX brokers continue to upgrade and build on the features of their platform to set themselves apart from the competition and make it attractive for the traders to choose their platform. Nowadays, the brokers have moved more towards social trading and providing more tools and strategies for the traders to make decisions and ensure that these are unique to their platform so that the traders and investors stick around.

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