Nasdaq’s M-ELO Tool Represents Stock Market’s AI Adoption, But With SEC Approval

The U.S. Securities and Exchange Commission (SEC) gave a nod of approval to Nasdaq Inc’s (NASDAQ: NDAQ) newest artificial intelligence (AI)-powered trading tool. The company’s “Midpoint Extended Life Order” (M-ELO) is being touted as the first AI order type to gain the endorsement. Here’s what you need to know, and how it is going to affect you. What Happened: Nasdaq’s M-ELO leverages AI to fine-tune the trading process. The M-ELO system can adjust to real-time current market conditions by using advanced algorithms that factor in over 140 data points every 30 seconds. The adjustment — as oppos…

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