Home » eToro Introduces AI Tools for Enhanced Social Investing

eToro Introduces AI Tools for Enhanced Social Investing

by FXInsider

A trading and investing platform has recently rolled out a suite of artificial intelligence tools aimed at enhancing its social investing features. Among these innovations is an AI companion named Tori, designed to assist users in their trading journey.

These cutting-edge tools are intended to equip retail traders with advanced capabilities that have typically been accessible only to quantitative hedge funds. The primary features of this new suite include automated trade execution, personalized dashboards, portfolio optimization, and integration of real-time data.

Initially, these AI tools will be made available to a select group known as Popular Investors. This group consists of individuals whose trading strategies can be replicated by others on the platform using its CopyTrader technology. The intent behind this initiative is not merely to provide AI-generated insights but to empower these Popular Investors to innovate similarly to leading hedge funds, allowing them to broaden their influence within the platform’s ecosystem.

The functionality of these tools is enhanced by a public API, which facilitates the development of agent-based services, customizable applications, and access to the platform’s Model Context Protocol. This allows Popular Investors to create algorithms, automate their strategies, conduct backtests, and develop AI tools that can be shared within the community. By opening up this marketplace, the platform seeks to unlock the full potential of social investing, enabling users to build, publish, and access tailored tools.

In addition to these features, the platform introduced Tori, an AI assistant. Tori engages users through natural conversation, helping to navigate the platform, making sense of investments, and offering personalized insights. This AI companion aims to enhance user experience by providing quick answers and relevant information.

Moreover, the platform has launched seven AI-driven Alpha Portfolios under its Smart Portfolio offerings. These portfolios consist of quant-style strategies that leverage its extensive retail trading dataset. With such strategies historically being beyond the reach of ordinary investors, this initiative aims to democratize access to sophisticated investment approaches. The use of AI with one of the largest datasets in retail trading is designed to provide tangible value to retail investors while making advanced investing techniques more accessible.

Through these advancements, the trading platform underscores its commitment to integrating technology with investment strategies, ultimately aiming to empower its users and foster a more inclusive trading environment. The introduction of these AI tools represents a significant shift in how retail investors can engage with the market, potentially leveling the playing field between everyday traders and institutional investors. As this technology evolves, it will be interesting to observe how it transforms the landscape of retail investing and the efficacy of social trading.

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