AI start-up Neurensic acquired by Trading Technologies
Trading Technologies has acquired artificial intelligence start-up Neurensic. Terms of the deal were not reported. The trading firm will initially use Neurensic's technology to survey and monitor markets, identifying trends in trading activity across a number of markets. Neurensic also allows firms to understand compliance risks associated with their trading activities. The firms have plans for more applications of the technology. 
Trading Technologies has acquired artificial intelligence (AI) and market surveillance specialist Neurensic.

The deal will enable Trading Technologies to integrate its execution platform with AI-led compliance and surveillance systems.

Neurensic was founded in 2015 and has developed AI that can identify complex patterns on trading behaviour on a large scale across multiple markets in near real-time. It utilises big data processing and machine learning technology to provide firms with a continuous assessment of their compliance risk associated with trading.

Rick Lane, CEO of Trading Technologies, said: The ability to provide literal pushbutton access to advanced machine learning surveillance capabilities, with zero infrastructure investment and zero integration cost, will allow our partners to further benefit from the value of our platform and network.”

Trading Technologies said the market surveillance functionality of Neurensic was just the first of “several solutions” it would offer using the technology, but did not provide details of what it is developing.

Financial details of the deal were not disclosed.