Automated trading provider, Jaaims Technologies announced on Tuesday that it has partnered with Saxo Markets to add the brokerage on its platform.
The Australian company has added Saxo using the broker’s open API infrastructure.
Commenting on the development, Jaaims founder and CEO, Tui Eruera said: “Sharing similar values of innovation and enablement, Saxo Markets provides a trusted and secure broker partner for our customers to facilitate their trades whilst providing market-leading technology and service to us.”
Leveraging AI in Managing Investments
Jaaims offers a mobile application facilitating investors to automate their management of share portfolios using artificial intelligence. For making investment decisions, the platform scans through the market news across 250 platforms, financial data, and social media sources.
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The automated portfolio manager on-boarded several brokers, including Interactive Brokers and IG, and offers stocks listed on exchanges in Australia, the United Kingdom, Germany, and the United States.
“The growth of online trading has exploded this year as investors seek reliable additional sources of income as we become more conscious about money and investing for the future. Jaaims provides an opportunity for all investors from the first-timer, SMSF to the sophisticated investor to access this powerful technology used by the large financial institutions at a fraction of the price,” Eruera added.
The press release further detailed that the existing Saxo Markets customers can directly connect to the brokerage using Jaaims and can allocate a portion of their portfolio for automated management.
“SAXO’s Open API infrastructure is the key to being able to link Jaaims’ trading recommendations with investors who can then execute their trades on international stock exchanges in just a few clicks,” Saxo Australia’s CEO, Adam Smith said.
“With our extensive experience in connecting and integrating capital markets infrastructure we see great potential in this area. Jaaims is one of the first of its kind in Australia, and we are delighted to be partnering with them.”