Trade Ideas Is Bringing Artificial Intelligence To Robo-Advising

Trade Ideas Is Bringing Artificial Intelligence To Robo-Advising

Robo-advisors have burst onto the trading scene in recent years, and some estimates suggest these automated trading algorithms will be responsible for nearly half a trillion dollars of assets under management (AUM) by 2020. With that much money on the line, Trade Ideas co-founder and managing partner David Aferiat believes choosing the right robo-advisor will be critical. According to Aferiat, the first wave of robo-advisors has been mostly query-based. In other words, these robo-advisors ask a question and then sort through massive loads of data seeking an answer. Aferiat believes the next wave of robo-advisors will have the artificial intelligence capabilities to generate market insights and actionable trading ideas. “To secure true alpha, the machine trading needs to be able to generate ideas and be correlated to the second wave…


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