Bank of China Partners Refinitiv for AI-Based FX Trading App
In this article (4)
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.
Questions & Answers
Q.Which specific foreign exchange currency pairs does the DeepFX application currently predict?
Which specific foreign exchange currency pairs does the DeepFX application currently predict?
The application currently predicts short-term price movements for major currency pairs including EUR-USD, AUD-USD, GBP-USD, USD-CAD, USD-JPY, and USD-CHF, according to the announcement.
Q.What kind of forecasting service does the Lite version of DeepFX offer?
What kind of forecasting service does the Lite version of DeepFX offer?
The Lite version of DeepFX provides a real-time FX trade signal forecasting service with 5-minute intervals. It also displays back-test results from within the previous 10 days.
Q.Who developed this AI-based forex trading prediction application?
Who developed this AI-based forex trading prediction application?
The Digital Asset Management department within Bank of China developed this AI-based forex trading prediction application. It is the first third-party app from a China-based financial institution on the Eikon platform.
Reader pulse
Is DeepFX a major shift for Asian finance?
22,782 votes so far