The news was revealed by two exchange operators who are planning to apply artificial intelligence tools to perform market surveillance in the coming months, and according to a Wall Street regulator, they are not far behind, Reuters reports. The intentions of the use of the software is to for instance search through chat-room messages to detect any "bragging or back slapping" around the time of the launch of a big trade. It will also be able to unravel complex issues more efficiently, such as incidents called "layering" where orders are rapidly sent to exchanges to then get cancelled in order to artificially move a stock price. Tom Gira, executive vice president for market regulation at the Financial Industry Regulatory Authority (FINRA) believes that AI might even have the ability to detect new types of cicanery. "The biggest concern we have is that there is some manipulative scheme that we are not even aware of," he told Reuters.