DMALink Partners with Axyon AI
Posted by Colin Lambert. Last updated: September 14, 2021
Emerging markets FX trading platform DMALink has announced a partnership with European fintech Axyon AI to enable the 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’s technology will combine with DMALink’s ECN infrastructure to bring, the firms say, “considerable improvement” in the quality of order fills for the buy side. The deep learning technology will also detect market anomalies in spot FX and support smart algos, dynamically created by the AI that will adjust trade execution as a function of the market dynamics.
“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,” says Manu Choudhary, CEO of DMALink. “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.”
Daniele Grassi, CEO of Axyon AI, adds, “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.”