Future Finance
A Robot to Suppress ‘Bogus’ Traders Is in Works in South Korea
- AI to help detect unfair use of algorithmic trading in markets
- Bourse has temporarily hired outside experts to develop model
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South Korean regulators are turning to artificial intelligence to help detect illegal use of algorithmic trading in financial markets.
The Korea Exchange has temporarily hired outside experts to develop a model to monitor algo trades, according to Lee Jong-pil, an official at the bourse. They are expected to complete studying the model by October, and the exchange will then test and decide whether to use it, he added.