Etoro Employs Artificial Intelligence to Reinvent Social Trading
In a significant move to democratize innovation in the investment space, eToro, a leading trading and investing platform, has announced the launch of a suite of AI-powered tools. With over 40 million registered users from 75 countries, eToro aims to empower its community with advanced, hedge fund-level trading capabilities previously limited to quantitative hedge funds.
Empowering Users with AI-Driven Insights
At the heart of this initiative is Tori, an AI companion designed to answer questions, surface personalized insights, guide users across the platform, and help them understand investments through natural conversation. This virtual assistant will evolve as eToro's platform evolves, helping users to get the most from their investment journey.
A Community-Driven Marketplace
The suite of AI-tools will create a community-built marketplace for investing, built on eToro's new public API. This open-garden marketplace encourages community participation by enabling users to build, publish, and access customized AI tools. The inclusion of Tori provides personalized insights, making advanced market data accessible and actionable for retail investors.
Advanced Tools for Top Traders
Initially, these AI-tools will be available to eToro's Popular Investors, a group of top traders and investors. The AI-tools offer capabilities such as developing bespoke trading algorithms, automating trade execution, integrating real-time market data, personalizing portfolio optimization, and creating personalized dashboards.
Quant-Driven Strategies for Ordinary Investors
eToro has also launched seven Alpha Portfolios as part of its Smart Portfolio offering. These quant-driven strategies provide exclusive value to retail investors by combining AI with eToro's proprietary retail trading data. Yoni Assia, eToro's Co-founder and CEO, stated that the Alpha Portfolios are a testament to their commitment to democratizing innovation and arming retail traders and investors with sophisticated, AI-powered capabilities.
Partnerships and Acquisitions
To further enhance its offering, eToro has acquired BullAware and will partner with its creator Mariano Pardo to embed key features within the eToro platform. BullAware was created to provide eToro users with tools and insights to enhance their investing experience.
A Future Built on Collaboration
Yoni Assia expressed excitement about the potential of eToro's Marketplace, stating it is a global community powered by the collaboration between people and technology. He concluded that through their deployment of AI-enabled tools, they will see more examples of innovation and inspiration from their community.
For more information about eToro's announcements, users can visit eToro Unlocked. For media and investor enquiries, please contact [email protected] and [email protected] respectively.
[1] eToro Group Ltd. (2022). eToro Unveils Suite of AI-Powered Tools to Transform Social Investing. [Press Release]. Retrieved from https://www.etoro.com/about/press-center/press-releases/etoro-unveils-suite-of-ai-powered-tools-to-transform-social-investing/
[2] eToro Group Ltd. (2022). eToro Launches Seven Alpha Portfolios as Part of Its Smart Portfolio Offering. [Press Release]. Retrieved from https://www.etoro.com/about/press-center/press-releases/etoro-launches-seven-alpha-portfolios-as-part-of-its-smart-portfolio-offering/
[3] eToro Group Ltd. (2022). eToro Acquires BullAware to Embed Key Features Within Its Platform. [Press Release]. Retrieved from https://www.etoro.com/about/press-center/press-releases/etoro-acquires-bullaware-to-embed-key-features-within-its-platform/
[4] eToro Group Ltd. (2022). eToro Announces the Launch of a Suite of AI-Tools to Transform Social Investing. [Press Release]. Retrieved from https://www.etoro.com/about/press-center/press-releases/etoro-announces-the-launch-of-a-suite-of-ai-tools-to-transform-social-investing/
[5] Assia, Y. (2022). Building the Future of Investing with AI. [Blog Post]. Retrieved from https://blog.etoro.com/building-the-future-of-investing-with-ai/
- The AI companion, Tori, will provide users with personalized insights and guide them across the platform, serving as an invaluable resource for understanding investments
- eToro's new API will foster a community-driven marketplace, where users can build, publish, and access customized AI tools
- The AI-tools available initially to Popular Investors include developing algorithms, automating trades, integrating real-time market data, optimizing portfolios, and creating custom dashboards
- eToro's Alpha Portfolios offer quant-driven strategies to retail investors, using AI and eToro's proprietary data to deliver exclusive value
- To strengthen its platform, eToro has acquired BullAware and entered into a partnership with Mariano Pardo, to embed key features from BullAware within eToro
- Yoni Assia envisions eToro's Marketplace as a global community fueled by collaboration between people and technology, promising more innovation and inspiration from the community.
