CQG Completes Testing of Artificial Intelligence Predictive Model for Traders: Revolutionizing Digital Trading Platforms
Since the beginning of the year, CQG has been exploring AI as a solution to its clients’ challenges in a state-of-the-art multi-platform lab.
CQG Completes Testing of Artificial Intelligence Predictive Model for Traders: To demonstrate what it believes to be the first-of-its-kind artificial intelligence (AI) predictive trading model for traders, CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers, and exchanges, has completed internal testing and proof-of-concept using live data.
The firm just started using machine learning (ML) to predict futures market movements after extensive training in a backtesting environment.
CQG Completes Testing of Artificial Intelligence Predictive Model for Traders: Revolutionizing Digital Trading Platforms
On the first full day of FIA Boca, the International Futures Industry Conference, CQG announced the announcement.
With its deep analytics, mathematics, and market intelligence expertise, the firm’s new ML initiative aims to “offer retail traders and buy-side firms, including proprietary trading firms and hedge funds, unparalleled tools for identifying new trading and analytics opportunities, guiding trading strategies, and managing their positions.”
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Since the beginning of the year, CQG has been exploring AI as a solution to its clients’ challenges in a state-of-the-art multi-platform lab.
It achieved 80% predictive accuracy in a live trading environment for the first time, matching the results that were achieved in back-testing.
Ryan Moroney, CEO of CQG, said: “In early 2023, we decided we wanted to do something different in machine learning and AI that leveraged our unique position in the market, building off our comprehensive database of historical trade data and analytics in a way that could help our clients and prospects analyze, predict and trade markets through a new lens.”
“We built a lab, and Kevin Darby – our Vice President of Execution Technologies – has done an extraordinary job of turning that effort into an exciting reality with results that have significantly surpassed our expectations.”
According to Darby, the firm’s AI consistently predicted up, down, or unchanged movement in the E-mini S&P 500 futures contract with 80% accuracy.
CQG and its key partners have identified multiple applications related to algorithms (algorithms), charting, and research.
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