{"id":22095,"date":"2023-09-08T17:02:27","date_gmt":"2023-09-08T17:02:27","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nasdaq-receives-sec-approval-for-ai-based-trade-orders\/"},"modified":"2023-09-08T17:02:29","modified_gmt":"2023-09-08T17:02:29","slug":"nasdaq-receives-sec-approval-for-ai-based-trade-orders","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nasdaq-receives-sec-approval-for-ai-based-trade-orders\/","title":{"rendered":"Nasdaq receives SEC approval for AI-based trade orders"},"content":{"rendered":"
<\/p>\n
Nasdaq announced that the United States Securities and Exchange Commission (SEC) has approved its request to operate the first exchange AI-driven order type on Sep. 8.<\/p>\n
Called the dynamic midpoint extended life order (M-ELO), the new system expands on the M-ELO automated order type by making it \u201cdynamic,\u201d meaning it will use artificial intelligence to update and, essentially, recalibrate itself in real time.<\/p>\n
\n\u26a1 Bringing AI to the capital markets: Today, @Nasdaq<\/a> announced it has received @SECGov<\/a> approval to launch Dynamic Midpoint Extended Life Order (M-ELO), the first artificial intelligence (AI) powered order type.<\/p>\n
Learn more about this next step we are taking to modernize markets,\u2026 pic.twitter.com\/vFkLdjM3Br<\/a><\/p>\n