AiX today announced the launch of its natural language Artificial Intelligence (AI) broker platform, facilitating automated peer-to-peer trading in institutional over-the-counter (OTC) markets. AiX aims to transform OTC markets through its unique AI-driven negotiation and matching engine, executed through the AiX chatbot, which enables instant access to global liquidity, immediate price discovery, best execution, and automatic settlement while ensuring anonymity.
Facilitated through natural language processing and cognitive reasoning, the AiX chatbot serves the role of a human voice broker but uses technology that allows it to process thousands of orders accurately at a fraction of the cost for the end-user.
Initially live in global cryptocurrency markets, AiX’s first negotiated trade was a BTC/USD transaction between GSR Markets and DV Chain, two leading market participants. The trade was settled seamlessly through Zero Hash, the most sophisticated and fully regulated post-trade settlement infrastructure for digital assets. Other notable crypto liquidity providers and clients who have onboarded include Blockfills and Trigon Trading.
Commenting on the launch, Jos Evans, founder of AiX, said: “I am thrilled to be declaring AiX open for business. The team has created technology that is going to revolutionize the OTC markets and bring much-needed disruption to the world of inter-dealer brokers. We look forward to our transformative role in the future of these markets.”
“The AiX platform is extremely forward-thinking and represents the best of AI-driven execution” said Adam Leaman, Chief Client Officer at Zero Hash. “The Zero Hash settlement ecosystem now serves over a dozen platforms and is purpose-built to allow platforms such as AiX to settle digital asset trades in a safe, secure, and regulated manner.”
Dave Vizsolyi, Head Trader at DV Chain said: “We’re very excited to have participated in the first AiX negotiated trade and are looking forward to many more. Being able to both quote and book trades through IM, and then to settle safely through Zero Hash is invaluable, and we look forward to trading with more counterparties through the platform.”
AiX’s platform will also bridge OTC and algorithmic liquidity, enhancing access for traders in traditionally voice-brokered markets as well as programmatic asset managers that cannot currently access OTC markets.
The AiX team combines decades of experience and expertise in technology, including enterprise-grade software engineers from Deutsche Bank, Goldman Sachs, and Credit Suisse, and financial and commodity markets.