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.

Read this next

Inside View

Industry Leaders Share Insights on Framing Crypto Payments into FX Brokerage Business

While the allure of crypto payments is strong, caution is essential. The potential benefits in terms of speed, lower fees, and blockchain efficiency need to be weighed against the risks associated with cryptocurrency volatility. 

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.

Retail FX

CySEC hits operator of Titanedge, TradeEU with €90,000 fine

The Cyprus Securities and Exchange Commission (CySEC) announced that it has imposed a fine of €90,000 on Titanedge Securities Ltd due to shortcomings in their regulatory obligations.

Institutional FX

Cboe FX volumes retreats slightly in November 2023

Cboe’s institutional spot FX platform today announced its trading volume for the month ending November 2023, which took a step back after a strong rebound in October.

Institutional FX

Alpha Group seals Cobase majority acquisition

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) has finalized its acquisition of Financial Transaction Services, operating as Cobase.

Digital Assets

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective December 1st, 2023. This strategic partnership marks a significant milestone for TMN Global in the crypto space.

Institutional FX

Marex completes acquisition of TD Cowen’s PB business

London-headquartered commodities broker Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will be integrated into Marex’s capital market division. This division was established following the acquisition of ED&F Man Capital Markets in 2022.

Digital Assets

Talos introduces decentralized liquidity and onchain settlement with Uniswap and Fireblocks

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need. And to have this partnership powered by Fireblocks, a digital assets infrastructure provider trusted by some of the most renowned institutions, is very fitting.”