{"id":152344,"date":"2023-09-08T22:20:08","date_gmt":"2023-09-08T16:50:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=152344"},"modified":"2023-09-08T22:20:08","modified_gmt":"2023-09-08T16:50:08","slug":"nasdaq-receives-sec-approval-for-ai-based-trade-orders-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nasdaq-receives-sec-approval-for-ai-based-trade-orders-crypto-news\/","title":{"rendered":"Nasdaq receives SEC approval for AI-based trade orders &#8211; Crypto News"},"content":{"rendered":"<div data-v-398ae7b2=\"\">\n<p>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<p>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<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u26a1 Bringing AI to the capital markets: Today, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nasdaq?ref_src=twsrc%5Etfw\">@Nasdaq<\/a> announced it has received <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a> approval to launch Dynamic Midpoint Extended Life Order (M-ELO), the first artificial intelligence (AI) powered order type.<\/p>\n<p>Learn more about this next step we are taking to modernize markets,\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vFkLdjM3Br\">pic.twitter.com\/vFkLdjM3Br<\/a><\/p>\n<p>\u2014 Nasdaq (@Nasdaq) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nasdaq\/status\/1700159854877303269?ref_src=twsrc%5Etfw\">September 8, 2023<\/a><\/p><\/blockquote>\n<p>Order types are a set of software instructions that execute specific trade pairs at exact market pricing thresholds. This form of automation has been around for a while but the new AI-driven order type is the first of its kind to use real-time reinforcement learning AI to execute orders. <\/p>\n<p>This should have the follow-on effect of substantially speeding up orders placed with the system. According to a data sheet <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/docs\/2023\/09\/07\/1781-Q23_Dynamic%20M-ELO%201%20Pager_NAM-vf.pdf\">published<\/a> by Nasdaq:<\/p>\n<p>\u201cCalculated on a symbol-by-symbol basis, this new functionality analyzes 140+ data points every 30 seconds to detect market conditions and optimize the holding period prior to which a trade is eligible to execute.\u201d <\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":152345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-152344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=152344"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152344\/revisions"}],"predecessor-version":[{"id":152347,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/152344\/revisions\/152347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/152345"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=152344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=152344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=152344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}