SquaredFinancial, a fintech brokerage firm, announced on Wednesday that it has arranged a partnership with Lusis AI Lab to deliver Artificial Intelligence-based forex trading strategies to its customers. According to the press release, two AI strategies will be launched on SquaredFinancial platforms in the coming months.
One of the strategies relies on price action and London opening price to make trading decisions in the mornings. At the same time, the second one uses the Tokyo and London sessions’ price action combined with indicators to decide on trades during the New York session. “Our partnership with Lusis is fantastic news for our clients. It enables us to take advantage of the latest AI developments in algorithmic trading to provide them with the best execution possible. We look forward to a long-term partnership with Lusis as we continue to develop further AI strategies,” Philippe Ghanem, Executive Chairman of Squared Financial, commented.
The brokerage firm clarified that more AI-based trading strategies would be introduced once they get developed by the team. Lusis AI Lab is a French software provided that is specialized in advanced solutions and leverages AI and machine learning.
More AI-Based Strategies Coming
“We are proud to partner with SquaredFinancial, they are changing perceptions of how a FinTech company should be operated. AI is key in our strategy for the coming years in trading as in other business areas, such as payment fraud, credit scoring, loyalty or recommendations. We look forward to growing our partnership further as we introduce new products to market,” Philippe Préval, CEO of Lusis, pointed out.
Early this year, SquaredFinancial announced that MetaTrader 5 (MT5) ) Trading Platform was officially available for its traders through desktop and mobile applications. Moreover, the company added new trading options and assets, including VIX, Gold, Brent, WTI and single stock shares like Amazon. The broker termed MT5 as an important option for its clients and outlined the potential benefits of the new platform.
