Brett Harrison, the former president of FTX US, has announced that his firm Architect Financial Technologies will be using artificial intelligence (AI) to develop advanced trading strategies. As reported by Bloomberg on June 20, Architect Financial hopes to integrate its trading software with ChatGPT, an AI software platform that allows users to produce code for trading strategies with the help of natural language prompts.
Harrison believes that this will greatly lower the barrier to entry to writing advanced trading strategies, making them accessible for institutional clients such as hedge funds and asset managers. Architect Financial is looking to provide access to various markets, including digital assets.
Harrison was not accused of any wrongdoing in proceedings, according to Bloomberg’s report.
Architect Financial’s integration with ChatGPT will allow users to quickly generate code for advanced trading strategies without needing in-depth knowledge of coding. This is a significant development for institutional clients who are looking to expand their trading strategies and access more markets.
The use of AI in finance is becoming increasingly popular, with many firms looking to integrate it into their trading strategies. By using natural language prompts, Architect Financial hopes to democratize access to advanced trading strategies. This will make it easier for clients to access and trade in various markets.
Architect Financial’s move towards integrating AI highlights the continued evolution of the financial sector towards technology-driven solutions. With AI being used to automate various processes, it is likely that more firms will follow in Architect Financial’s footsteps.
