Mizuho Securities develops in-house AI adviser
Mizuho Securities has developed an in-house trading system guided by artificial intelligence (AI) to better tailor its offering to customer's needs compared to out-of-house developed AI advisers. The technology looks at data including previous price changes to predict how a particular stock will move within the next 30 minutes to an hour and forecasts the best time to buy and sell stock. It then executes an order later if it expects a price to drop, or sooner if it expects a rise. The service is expected to launch in late November and will begin with the top 500 stocks by market capitalisation on the first section of the Tokyo Stock Exchange.

TOKYO -- Mizuho Securities will offer institutional investors a trading system guided by artificial intelligence that predicts the optimal time to execute stock transactions, a tool that could help shore up pension and mutual fund returns.

The AI developed by the Mizuho Financial Group unit will look at such data as outstanding orders, trading volume and past price changes to forecast how a given stock will move in 30 minutes to an hour. The system will execute an order earlier if it expects the price to rise, or later if it predicts a drop.