Trading-tool provider, Trade Ideas, has launched Holly, an AI-based robo-adviser with an active strategy. Unlike many existing robo-advisers, which offer passive investment strategies, Holly aims to identify and exploit trading opportunities for investors. Robo-advisors are no longer just an automated tool for “set it and forget it” investors looking for passive investment strategies. The engine scans the previous day’s market data, applying 40-60 base strategies to its universe of stocks before back-testing the best ideas. “Investors are looking at a lot more than just stock picks,” says co-founder Alex Kang.
Trading-tool provider, Trade Ideas, has launched Holly, an AI-based robo-adviser with an active strategy. Unlike many existing robo-advisers, which offer passive investment strategies, Holly aims to identify and exploit trading opportunities for investors. The engine scans the previous day’s market data, applying 40-60 base strategies to its universe of stocks before back-testing the best ideas. “Investors are looking at a lot more than just stock picks,” says co-founder Alex Kang.