Specialist trading analytics firm, ExeQution Analytics, has launched a new AI assistant designed to enhance trading decisions and data analysis.
The new tool – called Eolas – is designed to be ‘hallucination-resistant’, meaning that the system has been created to reduce and prevent any margin of error which may fabricate or ‘hallucinate’ responses, with results drawn from a firm’s market or proprietary data instead.
Moreover, the offering is aimed specifically at trading, quant and IT teams, to support them in extracting greater value from real-time and historical data through interrogation and powering best execution.
The tool will also deliver support at a senior level and will provide heads of trading with a helicopter view of the desk, to help them manage the trading floor, as well as quickly resolve issues at a deeper issue the moment they occur.
“Eolas essentially removes all the bottlenecks firms grapple with around data,” said Cat Turley, chief executive of ExeQution Analytics.
“It allows anyone involved in the trading function to speak directly to the data source, in natural language – and for the data to speak back.”
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In addition, Eolas is set to remove the burden of constant ad-hoc requests for data and regular reporting often felt by trading teams, and will allow for a greater focus on higher value work and quick data interaction.
The new offering is also expected to bolster compliance and risk through direct access to data that highlights risk or informs teams about rule and regulation adherence.
Turley added: “The largest data set and most powerful analytics engine in the world is of limited use if only a few people can access it.”
“Eolas is the next generation of trading intelligence, a true democratisation of data that can match the speed of insight to the speed of markets for the very first time.”