Capital Receives AI Patent in the USA
Capital.com, one of the more notable retail brokerages in the United States of America, has received a patent from the Securities and Exchange Commission. This patent is for an artificial intelligence technology that is described as a self-aware and self-trained computer that primary function is to assist traders using Capital’s services. SEC approved this patent on Thursday, July 11, 2019.
The new service, which will be called “EQ”, will allow for the AI Tech to improve trading capabilities through monitorization efforts on player activity. It’ll work on a cognitive bias’s platform, making rational decisions that stem from advanced knowledge on financial trading. The programs will swift through thousands of mental shortcuts & information, finding the most suitable for the selected input from the brokerage or investor.
EQ will reduce the mental shortcuts and their adverse effects by alerting investors when they’ve made an ill-advised decision on a trade. This technology will also allow for Capital to create a more personalized experience for its clients by providing tips and tricks suited for their trading strategies. EQ also enables clients the ability to receive a post-trade breakdown of their performance.
Capital has already completed beta testing for EQ, and all research indicates that the artificial platform is sufficient. The study showed that clients who review the messages they receive from EQ are 11% less likely to have margins called. Clients who don’t read these EQ Messages are 12% more likely to be affected by margin calls. Furthermore, new clients joining Capital now have a 6.5% better chance at maintaining a profit than previously.