Ontario securities regulator exploring artificial intelligence use in capital markets
BNN Bloomberg
Ontario's securities regulator says it is evaluating the potential role it can play in overseeing and guiding responsible adoption of artificial intelligence to protect investors and the integrity of capital markets.
In a report released Tuesday, the Ontario Securities Commission said use of AI in capital markets is focused on three key areas — improving the efficiency and accuracy of operations, trade surveillance and detection of market manipulation, and supporting advisory and customer service.
It said AI can improve the ability to gather information and detect patterns, or anomalies, from large volumes of data by automating processes normally handled manually — leading to better market forecasting and hedging.
"Advancements in AI techniques can significantly enhance market liquidity prediction, showcasing superior performance relative to other methods, especially in extreme market conditions," the report said.
