GAIN Capital Deploys New Trading App GetGo, Powered by AI

GetGo will initially cover a scope of forty markets, including FX, indices and gold.

For many, the widespread accessibility of market data and news has been a double-edged sword, preventing any fine-tuned statistical trends from resonating. This has spawned research and development in new big data and artificial intelligence apps, with GAIN Capital launching its new GetGo financial trading module.

The ability to disseminate and process large swaths of information is a huge asset in both the retail and institutional space. For normal traders, this is even more essential, given obvious fiscal and time constraints. One area of research that has grown in recent years has been AI-focused technology, which can process more data than individuals ever thought possible.

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Advanced trading signals

GAIN Capital’s (NYSE:GCAP) new GetGo financial trading app intends to do just that, with the mobile-only service harnessing AI-enhanced algorithms to spot statistical trends in financial markets. The end result is the provision of advanced trading signals based on historical data, which represents a game changer for traders.

Glenn Stevens
Glenn Stevens

Glenn Stevens, CEO GAIN Capital, commented on the app: “GetGo is an intelligent and engaging way to trade financial markets, especially for those who are interested in taking advantage of shorter-term trading opportunities but are deterred by the apparent complexity and the time commitment associated with traditional trading. We’re excited about the significant opportunity this product offers in bringing AI-enhanced trading strategies to new audiences.”

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GetGo is now available in the UK via the Apple App Store though it will be expanding to the Google Play Store in the upcoming months. GAIN Capital has also unveiled plans to deploy GetGo in additional markets during 2018.

The options for trading signals in the retail industry are quite widespread, though a new generation offering of ‘smart’ apps, powered by AI are something that is a more recent trend. GetGo’s proprietary algorithm is the result of several years’ work in tandem with tens of millions of back tests. The program relies on the use of artificial intelligence and machine learning to analyze millions of data points every hour to signal trading opportunities with strong historic track records.

GetGo will initially cover a scope of forty markets, including foreign exchange, indices and gold. Users can download the app and open an account with as little as £10. The algorithm helps search out specific patterns it recognizes – in doing so it then sends the user a respective signal via the app, which can be reviewed or evaluated.

Users will also be able to configure the number of signals notifications they receive based on various parameters, including signal strength, opportunity rating of the trade, and time of day. “With GetGo we wanted to create a product that would generate high-quality trading signals based on data and statistics, while stripping back the complexities of traditional platform trading via a simplified mobile user experience,” explained Lex Webster, SVP Strategy, GAIN Capital.

“GetGo doesn’t just identify dozens of new trade opportunities each day, it applies trade management rules to offer a potential upside greater than the maximum downside on each trade. These features include automatic position closure when the trade signal expires and free guaranteed stop losses on every trade. Users also have flexibility to either watch their trades unfold in real time, or set and forget with confidence that GetGo will manage their open positions,” added Mr. Webster.

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