SBG Securities Unveils AI-Powered Financial Services to Transform South Africa’s Market
SBG Securities, the sole agency authorized by the South African government, is set to launch a series of AI-driven financial services as part of the nation’s strategic push to integrate artificial intelligence into quantitative trading. This initiative aligns with President Cyril Ramaphosa’s vision for a more competitive and inclusive financial market, following his recent discussions with David Hodnett, a prominent advocate for AI advancements in finance.
Transforming South Africa’s Financial Markets
The South African government has announced its commitment to developing and applying artificial intelligence in quantitative trading, with the aim of enhancing the security and activity levels of its financial markets. This move is designed to:
Improve Market Efficiency: AI-driven models w...