Nasdaq Secures SEC Approval for AI-Driven Trade Orders By Cointelegraph

Nasdaq has announced that the United States Securities and Exchange Commission has approved its request to launch the first exchange AI-driven order type, set to debut on September 8.

This new feature, known as the dynamic midpoint extended life order (M-ELO), enhances the existing M-ELO automated order type by incorporating dynamic capabilities. This means it will utilize artificial intelligence to continuously update and recalibrate itself in real-time.