Bank of China Partners Refinitiv for AI-Based FX Trading App

Developed by the bank’s Digital Asset Management department, the application is the first third-party app from a China-based financial institution on the Eikon platform.

Bank of China is launching DeepFX, an AI-based forex trading prediction application through Refinitiv’s financial data platform Eikon, the firm announced in a statement on Tuesday.

The app uses deep learning technology to predict the short-term price movements of major foreign exchange currency pairs, which currently include EUR-USD, AUD-USD, GBP-USD, USD-CAD, USD-JPY and USD-CHF, the announcement said.

The Lite version of DeepFX provides a 5-minute interval real-time FX trade signal forecasting service, while displaying back-test results within 10 days. The service is available for free through Refinitiv’s App Studio.