AvaTrade Launches In-House Trading Platform With AI Analysis
By Adonis Adoni
AI summary of the source article
AvaTrade has launched an in-house, multi-asset trading platform incorporating AI-driven analysis. The launch follows AvaTrade's agreement to acquire the majority of FXCM Group's business and brand rights for an undisclosed sum.
Why it matters
AvaTrade stated the new platform and FXCM deal are part of a strategy to "help shape the next phase of global online trading" and "build a stronger, more diversified trading group."
Key facts
- AvaTrade launched an in-house multi-asset trading platform featuring AI-driven technical and fundamental analysis.
- The platform was built using more than 20 years of AvaTrade's historical trader-behaviour data.
- The rollout comes weeks after AvaTrade agreed to acquire the majority of FXCM Group's business and brand rights.
Source excerpt · Finance Magnates
AvaTrade has launched a new in-house, multi-asset trading platform that incorporates AI-driven fundamental and technical analysis. The broker says the system is designed to generate trading signals and market insights for its retail clients. London's trading industry is coming home! Daire Ferguson, AvaTrade’s chief executive, said the platform has been developed using more than 20 years of the bro…