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'Siri, catch market cheats': Wall Street watchdogs turn to A.I. NEW YORK (Reuters) - Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.
'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
Email This Article NEW YORK (Reuters) - Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.
'Siri, catch market cheats': Wall Street watchdogs turn to artificial intelligence - The Economic Times
NEW YORK: Two exchange operators have announced plans to launch artificial intelligence (AI) tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price. AI may even sniff out new types of chicanery, said Tom Gira, executive vice president for market regulation at the Financial Industry Regulatory Authority (FINRA).
T-Mobile seen as top target following AT&T-Time Warner deal
People pass by a T-Mobile store in the Brooklyn borough of New York June 4, 2015. NEW YORK T-Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's proposed 85.4 billion takeover of Time Warner Inc, analysts said. AT&T announced the deal late on Saturday, stoking urgency in the telecoms and media sectors, where carriers facing a saturated wireless market are looking for content to attract mobile users and producers of shows and movies are seeking digital distribution. T-Mobile took most of the wireless industry's subscriber and revenue growth in the third quarter. Its strong balance sheet and fast-growing wireless business makes it an attractive target for a pay-TV or media company, analysts said.
'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
Artificial intelligence programs have beaten chess masters and TV quiz show champions. The'machine learning' software it is developing will be able to look beyond those set patterns and understand which situations truly warrant red flags The technology would not necessarily prevent events such as the 2010 'flash crash.' However, it could be quicker to catch manipulative behavior thought to contribute to them. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards.
'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
NEW YORK: Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.