RoboMarkets, a European brokerage company, has announced a strategic partnership with Acuity Trading, a provider in AI-driven trading technologies. This collaboration enables RoboMarkets’ traders to maintain an edge in their trading activities.
Integration: RoboMarkets' Traders to Access Acuity Tools
RoboMarkets is set to integrate Acuity's innovative AI-driven tools, which include the Economic Calendar, AnalysisIQ, and AssetIQ. This strategic alliance will help the decision-making capabilities of RoboMarkets' traders.
RoboMarkets’ traders will gain access to the following tools:
- Acuity’s AI-Powered Economic Calendar: This tool offers real-time insights, equipping traders to navigate market volatilities and uncertainties with AI-enhanced filtering and vivid indicators. It transforms these challenges into actionable trading opportunities.
- Acuity’s AnalysisIQ: Originating from Signal Centre and acquired by Acuity in 2021, this technology operates under FCA regulation. It provides traders with professional market research and trade signals.
- AssetIQ: This robust research tool offers traders a joined view of global market assets. It ensures that relevant data is always available to assist them in making trading decisions.
Being a CySEC-regulated entity, RoboMarkets addresses the changing requirements of its traders. With a selection of more than 3,000 instruments, including US Stocks and ETFs for trading and investment, the company aims to sustain its position in the trading industry through the integration of Acuity Trading's innovative tools.
Acuity Trading introduced visual news and sentiment tools in 2013. It offers alternative data that generates alpha and engaging trading tools driven by advancements in AI research and technology.
Acuity's team, comprised of academics, scientists, news experts, and market professionals, delivers data products to investors of varying experience levels. They provide delivery options, including APIs, MT4/5, plug-and-play widgets, and third-party automation services.
CySEC Bars RoboMarkets from Offering Traders Non-Monetary Rewards
In a Finance Magnates report earlier, it was noted that Cyprus Securities and Exchange Commission (CySEC) had barred RoboMarkets, a CySEC-regulated forex and CFDs broker, from providing non-monetary rewards like race tickets and branded merchandise to retail clients.
The decision, made in March and announced later, was taken as these activities were deemed non-compliant with the European Union's Markets in Financial Instruments Regulation, designed to safeguard investors and financial markets.
CySEC also alleged that this practice attempted to bypass a section of the European Securities and Markets Authority's directive on product intervention, aimed at shielding investors and market stability. The regulator views these rewards as enticements for trading highly risky CFDs.
