DMALINK announced on Wednesday that it has partnered with Axyon AI to enable Deep Learning artificial intelligence in dynamically managing liquidity. According to the company, this integration will assist in detecting market and order anomalies and create smart algos for trade execution.
DMALINK will integrate Axyon AI’s technology into its ECN infrastructure. The press release shared with Finance Magnates pointed out that the integration will allow buy-side firms to improve the order fills, while sell-side parties will get the assurance of a positive yield curve.
“In spite of the pace of innovation within the e-FX space, liquidity management, anomaly detection and algos have been left behind by advances in deep learning AI technology,” said Manu Choudhary, CEO at DMALINK.
“The ability for Axyon AI’s deep learning technology to leverage insights in a fraction of the time of a human-driven equivalent provides opportunities for the procurement and analysis of unique data to dynamically manage liquidity, risk and trade execution for the first time.”
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Bringing AI into Trading
European fintech Axyon AI is bringing Deep Learning and artificial intelligence to asset management and trading space. It is focusing on using the new-age technology to make several areas of the financial industry more efficient, from security selection and asset allocation to anomaly detection in option pricing.
Axyon AI CEO, Daniele Grassi commented: “We believe that deep learning has just begun to transform financial markets, increasing efficiency and improving risk management. Our partnership with DMALINK will be a driver of this paradigm shift for the FX trading industry.”
DMALINK provides an independent electronic trading venue and liquidity access for professional FX traders with a particular focus on emerging currencies. The company recently added Traiana’s NetLink to aggregate trades on its New York and London platforms. Furthermore, Nomura onboarded the platform to provide customized Asian eFX pricing for its buy-side participants.