Artificial intelligence (AI) has been making significant strides in the financial industry, particularly in the area of algorithmic trading. Algorithmic trading, also known as algo-trading, is the use of computer programs to execute trades automatically based on predefined rules and parameters. With the help of AI, algorithmic trading has become more sophisticated and accurate, allowing traders to make better-informed decisions and maximize profits.
One of the key advantages of AI in algorithmic trading is its ability to analyze vast amounts of data in real-time. This includes market data, news, social media sentiment, and other relevant information that can impact financial markets.