21 October 2017
Register now

Robot workers to monitor markets for abusive trading

28 February 2017  |  6879 views  |  0 Stock exchange numbers

Japan Exchange Group and the Tokyo Stock Exchange are looking to bring artificial intelligence to bear on determining abusive trading practices in market surveillance operations.

The exchange group is working with NEC and Hitachi to apply robot workers to conduct preliminary investigations of suspicious trading practices flagged up by conventional pattern-tracking surveillance systems. Based on its findings, the AI will decide whether to pass on the data for more detailed investigation by compliance staff.

Japan Exchange Regulation and the TSE say that preliminary tests of NEC's Rapid machine learning and Hitachi's Hitachi AI Technology/H revealed that AI was "highly accurate" in determining the possibility of unfair trading.

The exchange group says the machines will free up surveillance staff to focus on detailed investigations

"While the final decision on conducting such investigations will continue to be made by surveillance personnel, this initiative is expected to facilitate even more in-depth and detailed investigations and contribute to the fairness of the JPX market," they say.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

BNP Paribas takes stake in AI-based compliance startup

BNP Paribas takes stake in AI-based compliance startup

30 January 2017  |  10683 views  |  0 comments | 16 tweets | 16 linkedin
Japanese insurer to replace 30% of workers with AI

Japanese insurer to replace 30% of workers with AI

04 January 2017  |  6134 views  |  1 comments | 14 tweets | 9 linkedin
RegTech startup ComplyAdvantage raises $8.2m

RegTech startup ComplyAdvantage raises $8.2m

13 October 2016  |  8691 views  |  0 comments | 11 tweets | 8 linkedin
Robots blamed for sterling flash crash

Robots blamed for sterling flash crash

07 October 2016  |  9780 views  |  0 comments | 9 tweets | 13 linkedin
IBM to acquire Promontory; create AI-driven compliance subsidiary

IBM to acquire Promontory; create AI-driven compliance subsidiary

29 September 2016  |  9247 views  |  0 comments | 15 tweets | 23 linkedin
Tech revolution to wipe out 7.1 million jobs over next five years - WEF

Tech revolution to wipe out 7.1 million jobs over next five years - WEF

18 January 2016  |  7234 views  |  2 comments | 17 tweets | 15 linkedin
Robot revolution poised to wipe out millions of jobs - Bank of America

Robot revolution poised to wipe out millions of jobs - Bank of America

06 November 2015  |  10956 views  |  7 comments | 33 tweets | 17 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comRegister now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8850 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8634 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7712 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7188 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6791 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job