Hong Kong digital asset platform OSL to launch personalised AI trading bot
- The bot can analyse news, historical user data, and market sentiment to show users trades they are likely to be interested in, said the company
- Traders will be able to use OSL’s beta AI trading bot by the end of this month, with further ChatGPT integrations in the works
One of Asia’s largest digital asset platforms plans to launch an artificial intelligence (AI) trader bot before the end of this month as the financial sector quickly adapts to the hot new technology.
OSL, a subsidiary of the publicly listed BC Group, backed by US investment giant Fidelity, said the upcoming AI features announced Tuesday will automate various aspects of OSL’s trading services, from support and quotations to trading.
The Hong Kong-based company explained that by pairing machine learning algorithms with an AI language model, the bot prototype can analyse news, historical user data, and market sentiment to inform users of trades they are likely to be interested in.
“It’s not a new concept to model or predict the next most likely action of a trader, but it’s become so cheap and accessible thanks to modern AI tools,” said Hugh Madden, CEO of OSL and BC Group.
“The language bot will be faster, more seamless, and far more understanding of an individual user’s personal situation and preferences,” he added.
OSL was the first digital asset platform to be licensed by the Hong Kong Securities and Futures Commission. It provides brokerage, custody, exchange and SaaS services for institutional clients and professional investors. Although it operates in other jurisdictions like Singapore and the US, Madden called Hong Kong its emerging “AI hub”.