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"Brokers Must Differentiate Between Trade Platforms and Trade Engines”: Your Bourse’s CRO

Author: Content Editor
The Finance Magnates London Summit 2024 featured Elina Pedersen, Chief Revenue Officer at Your Bourse, discussing the use of AI in trading platforms. Pedersen explained that although AI is often marketed as a breakthrough technology, it is mostly just machine learning, a tool already used by banks and financial firms for decades. However, the real change lies in the increased computing power available, allowing smaller firms and individual traders to leverage data more effectively. Pedersen emphasized the crucial role of data processing and the importance of liquidity providers in helping brokers offer competitive pricing. She also introduced a package aimed at helping smaller brokers under $1 billion in volume, providing access to premium liquidity providers at no cost. Looking ahead, Pedersen sees increased volatility benefiting retail brokers and highlighted the growing importance of gold in trading volumes. She also noted the resurgence of interest in cryptocurrency trading as a potential opportunity.

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