یاسر فلاح

Tehran, Feb. 01(SENA) – The managing director of the “SEO Information Dissemination and Services Company (SIDSCO)” in the second day of the of algorithmic trading competitions stated that algorithmic trading is the entrance of Artificial Intelligence (AI) into capital market and through this method, marketing would be done by computational applications and operational software.

“In other words yet trading stocks has been done by manpower, but from now on it will be registered faster and more accurately via algorithms and computers; thus at least three orders in transaction system are going to be registered per second.” Yaser Fallah added.

It was also declared that algorithmic trading has put an end to the queueing phenomenon; also by expanding algorithmic trading in capital market the infringement rate of financial markets tends towards zero and hence the market would be “analytic-bound”.

The head of organizing team of the second algorithmic trading competition remarked that financial strategists create financial trading strategies and then computers register the orders and this automatic money-making tool in capital market makes the role of rumors inconspicuous and is acting like a hedge versus tempted prices.

As a result of combining financial knowledge and Information Technology (IT) in algorithmic trading, algorithms and AI help traders to earn higher revenues in capital market.

 “27 teams attended this competition which has 3 parts; trading in stocks, trading in fixed-income securities, and ‘problem solving challenge’. The Securities and Exchange Organization of Iran (SEO) gave a 300 million Rials credit to each team and they genuinely trade in capital market through algorithms in 6 weeks.” Explained Yaser Fallah.

The managing director of SIDSCO mentioned that the SEO will dedicate 300, 200 and 100 million Rials respectively to buy stocks for first, second and third teams in the first part. This figure for fixed-income securities and “problem solving challenge” and for the top three teams are 200, 150, 100; and 100, 70 and 50 million Rials respectively.

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