Sydney Morning Herald, 27th November 2020
AI-based trading algorithm helps investors
Thanks to a new app, taking stock has never been easier for both novice and long-time equities investors.
It’s never been easier to invest in shares: accessible and affordable online trading and vast streams of readily available investment data have democratised equities investment like never before.
But making it easier to play the share market doesn’t necessarily make it easier to make money, as Sydney technology entrepreneur Tui Eruera discovered two years ago.
“I had always been a passive investor and when I sought to become more involved I learned that I, frankly, wasn’t very good at it,” recalls Eruera, who is Founder and CEO of fintech start-up Jaaims Technologies.
“So I went looking for a technology solution and couldn’t find anything. Using my technology background, I locked myself away and developed an artificial intelligence-based trading algorithm that simplifies stock selection and trade execution.”
That algorithm became the basis for an automated mobile stock-trading application that uses AI to analyse investment data in real time and automatically make trading decisions.
As Jaaims is not a broker, the app is connected to the users broker account and the trading algorithm sends buy and sell orders to the users share trading platform.
With COVID-19 providing the ideal volatility for novice online traders to chance their arm, the times suit the Jaaims app.
“Online trading has grown by 43.6 per cent in the past 12 months, but many investors are inexperienced traders and three in four new online traders lose their entire investment capital when they begin trading.” Eruera says.
“Using an automated trading platform removed the emotion from trading by automating trade execution and calculating the position size best suited to each users trading portfolio.”
Eruera says Jaaims is disrupting the traditional wealth management sector by using technology to “break down the barriers”.
“There are a lot of complex products on the market, “ he says.
“Jaaims cuts through that complexity with a simplified product offering.
“We offer full transparency in our results, detailing our return rate for each equity to date within the application.”
“Using an automated trading platform removed the emotion from trading by automating trade execution and calculating the position size best suited to each user’s trading portfolio.” – Tui Eruera, founder and CEO of Jaaims Technologies.
While online traders have access to unprecedented amounts of information on which to base investment decisions, this can be both a help and a hinderance for inexperienced traders. Jaaims. Is able to access, analyse and automatically act on this data.
Jaaims’ AI engine analyses 250-plus news, financial data and social media sources in real time and updates its stock recommendations every 15 minutes.
The app collects and analyses financial data from the Australian, New York, London, Frankfurt and NASDAQ exchanges, market news from sites such as Bloomberg, Reuters, and The New York Times, and social media sites.
Jaaims is not just for the inexperienced traders. The app comes in three formats: Starter, Standard and Professional.
While the app was originally conceived to benefit inexperienced traders, Eruera says sophisticated investors use Jaaims as one component of a diversified investment strategy.
As well they might. Between June and October Jaaims beat the market by 13.9 per cent compared to the MSCI World Index.
Jaaims Technologies has an Australian Financial Services Licence. The Company expects to launch its app in the UK in 2021 and the US in 2022.