TradeStation works on AI project EVA

Artificial Intelligence (AI) solutions are swiftly advancing into the Forex world with the latest example provided by TradeStation, a part of the Monex Group, Inc. (TYO:8698). TradeStation Technologies, Inc., a provider of technologies for TradeStation Securities, is currently working on a project codenamed EVA.

Details about the solution are scarce. It is known that EVA harnesses the power of machine learning, AI and big data analytics, to help traders connect events to opportunities. She (or it) enables traders to find, test, and trade sophisticated ideas born of quant-level analysis. EVA provides information on what to trade, when to trade and how to trade it. Exemplary questions in which EVA is an expert include “What happens to the S&P 500 when the Nikkei 225 is up 5% in a single day? ” or “How should I trade Apple before the ex-dividend date?”.

Those willing to test EVA are welcome to sign up for access to the EVA private beta.

EVA was born at the TradeStation SandBox (formerly known as TradeStation IdeaLab), hosted and operated by TradeStation Technologies, Inc. The SandBox is a fintech accelerator and think-tank program, which focuses on advancing strategic innovation through the development of knowledge, technology and capabilities.

“Older” TradeStation SandBox projects include Sidekick and Lumos.

Sidekick is a mobile application for iPhone and iPad that aims to be a trader’s best companion for ideas and information. The application combines a personal streaming feed of real-time market events, economic and company news with other relevant information. The solution identifies proven, historically tested trade ideas, which are presented to investors without too much unnecessary jargon. As Sidekick learns traders’ investing interests, its proprietary trading strategy system tailors ideas according to one’s individual style.

Lumos is an intelligent performance dashboard, which tracks the users’ performance over time in order to detect relevant behavioral patterns and optimize one’s trading strategy.

The projects TradeStation is working on underline the rapid advancements of AI-based solutions into the online trading industry. Monex Inc, the Japanese FX subsidiary of Monex Group, has earlier this month announced the launch of a special market report based on AI technologies. Another Japanese retail FX broker – Kabu.com Securities, a subsidiary of Mitsubishi UFJ Financial Group Inc, is about to offer its users an AI solution for trading stocks. And earlier this week, Rakuten has unveiled a collaboration with IBM Japan that will see the launch of the Rakuten AI Platform, which introduces chatbots with automatic response functions into customer support.