Nasdaq announced that the US Securities and Exchange Commission approved its request to use the first type of exchange order managed by artificial intelligence on September 9. 8.The new system, called dynamic midpoint extended life order (M-Elo), expands the automatic order type of M-Elo, making it dynamic, which means that it will use artificial intelligence to make real-time updates and essentially recalibrate.⚡ Introducing Artificial Intelligence to the capital markets : Today @ Nasdaq announced that it has received the approval of @Secgov to launch the Dynamic Midpoint Extended Life Order (m-ELO), the first type of artificial Intelligence (AI) order. Learn more about this next step we are taking to modernize the Sundays... photo.twitterr.com/vFkLdjM3BrOrder types are a set of software instructions that perform certain trading pairs at exact thresholds of the market price. This form of automation has been around for a while, but the new type of order, driven by artificial intelligence, is the first of its kind to use artificial intelligence with real-time reinforcement to fulfill orders. This should lead to a significant acceleration of orders placed by the system. In a blog post accompanying the approval announcement, Nasdaq claims that dynamic M-Elo has demonstrated a 20.3% increase in fill rates and an 11.4% decrease in margins in its research and testing.According to the data sheet published by Nasdaq: By adjusting the retention periods of orders in rOver time, unlike a traditional system that applies static timeouts to orders, filling figures should increase without a significant increase in market impact.Related: BYBIT will launch an artificial intelligence-based tradegpt for Sunday analysis and data-based question-and-answer, and the emergence of artificial intelligence technologies in the fintech sector has affected the entire financial sector. ChatGPT and similar basic language models have been adapted for use as educational tools for both traditional stock market investors and cryptocurrency investors. Nasdaq's previous attempts to combine artificial intelligence with finance have involved the use of predictive artificial intelligence models that have helped analyze more than 1.5 million option offers in the U.S. Sunday.