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

Retail FX

Eurotrader taps MahiMarkets’ cross-asset trading technology for pricing and risk management

Eurotrader has tapped MahiMarkets’ cross-asset trading technology to manage its pricing and risk management on its fully licensed and regulated retail brokerage operation covering forex, stocks, indices, and commodities. 

Technology

STT doubles user base as Sterling OMS adopted by TradeZero, Avenue, Banco C6

Sterling Trading Tech (STT) has announced record growth of its order management system (OMS) offering, doubling its user base throughout the second half of 2022.

Retail FX

CMC Invest announces flexible stocks and shares ISAs amid changes in UK policy

In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.

Executive Moves

The Trading Pit snatches Skilling Daniela Egli from Skilling to lead Cyprus operation

“We feel privileged to have Daniela join The Trading Pit and bring her extensive expertise to our prop trading firm. We are confident in The Trading Pit’s ambition to provide the ultimate global trading environment for talented traders to enhance their skills and eventually become professional fund managers.”

Industry News

Worldpay taps SheerID to allow merchants to better target their audiences

SheerID verifies over 2.5 billion people via 20,000 authoritative data sources; provides global insights from hundreds of the world’s leading brands, and never shares or sells customer data.

Crypto Insider

Cardano (ADA) Price For 2022-23: Buy Cardano With NAGAX

Cardano (ADA) is probably one of the most renowned and well-known cryptocurrencies out there at the moment and is currently available on the majority of the crypto exchanges and platforms in the market.

Retail FX

ACY Securities recognized by Salvation Army NSW for its support to charity work

““Sitting in the backyard of those family friends, to see the devastation the floods had brought, was a real eye-opener, and a testimony to the Salvos who were on the ground helping every one of those in need during the recent NSW floods.”

Executive Moves

BNP Paribas announces senior executives of Global Markets Americas division

French bank BNP Paribas has appointed several senior executives to its Global Markets Americas division, demonstrating its ambition to grow its Global Equities, Global Credit, and Global Macro franchises in the region. 

Technology

Match-Trade expands partnership with Takeprofit Tech

California-based FX technology provider Match-Trade Technologies has expanded its partnership with fintech software developer Takeprofit Tech.

<