DMALINK, the emerging markets foreign exchange focused institutional ECN brings the FX market into the heart of the 4th industrial revolution.
The firm today announced its partnership with Axyon AI to enable the first ever use of Deep Learning artificial intelligence to dynamically manage liquidity, detect market and order anomalies and create smart algos for trade execution in the fiat FX space.
Axyon AI is a leading European FinTech company with expertise in Deep Learning/AI for asset management and trading firms. Axyon AI has successful products in several financial use-cases, from security selection and asset allocation to anomaly detection in option pricing.
Manu Choudhary, Chief Executive Officer of DMALINK, says: “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. 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.”
Axyon AI’s technology will combine with DMALINK’s ECN infrastructure to radically modernise FX trading. For the buy side, deep learning models will considerably improve the quality of order fills. For the sell side, the application will ensure a positive yield curve. The deep learning technology will also detect market anomalies in spot FX allowing DMALINK participants access to one of the most powerful risk management tools developed in the e-FX space. Smart algos, dynamically created by the AI will instantly adjust trade execution as a function of the market dynamics.
Daniele Grassi, Chief Executive Officer of Axyon AI, says “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.”