CMC Markets’ Australian division has embraced artificial intelligence by launching a dedicated AI engine in collaboration with Telescope AI. This new engine is designed to assist investors in understanding market trends and managing their portfolios more effectively. The move follows a notable increase in the use of AI among the broker’s clients, rising to 23% from 12% in just six months. The AI tool, named CMC Intelligence, provides insights into stocks, ETFs, and cryptocurrencies across multiple markets, including Australia, the US, and the UK. Ryan O’Doherty, Head of Product for CMC Invest APAC, emphasized that the product aims to help investors maintain clarity and confidence in volatile markets by simplifying complex market data into actionable insights. Meanwhile, CMC Markets has also been integrated as a liquidity provider through iSAM Securities’ Apex liquidity bridge, enhancing its institutional offerings. This integration allows brokers using Apex to access CMC’s pricing, adding to the bridge’s existing network of liquidity providers.
Why Did CMC Invest Launch an AI Engine for Its Clients?
