FunderPro, a prominent proprietary trading firm, has taken a significant step in the industry by integrating Acuity Trading’s AI-powered Research Terminal into its operations. This marks the first instance of a prop trading firm leveraging Acuity’s cutting-edge technology, setting a new benchmark for trader support tools.
The partnership equips FunderPro’s traders with real-time market insights, advanced sentiment analysis, and global news updates, aiming to enhance decision-making in a fast-moving trading environment.
FunderPro CEO Highlights Innovation
“Traders deserve access to the most advanced tools available,” said Gary Mullen, CEO of FunderPro. “With Acuity’s Research Terminal, our traders can tap into critical insights and maintain an edge in today’s highly competitive markets.”
The Research Terminal blends artificial intelligence with expert analysis, enabling traders to identify opportunities and devise data-driven strategies, especially during periods of market volatility.
While FunderPro leads the way in adopting this innovative platform in the proprietary trading sector, similar AI-driven solutions have been embraced by other players in the FX and CFD broker space. Recent adopters include firms like OneRoyal and Zarvista, which integrated Acuity’s AnalysisIQ platform.
Driving the Evolution of Prop Trading
Acuity Trading’s CEO, Andrew Lane, hailed the collaboration as a pivotal moment for proprietary trading. “This partnership signifies a new era in trading,” Lane said. “By providing FunderPro’s traders with access to Acuity’s advanced research tools, we are helping them make smarter, more strategic trading decisions.”
Lane emphasized the transformative potential of AI-powered tools in reshaping how traders approach markets, citing this partnership as a testament to the growing reliance on technology to enhance performance.
Expanding Horizons with FunderPro
FunderPro’s innovations come amidst its broader expansion strategy. The firm, which emerged through the popular retail trading platform TradeLocker, has steadily increased its market presence. In September, FunderPro appointed Antreas Pilavakis, a former executive at The Trading Pit, as Operations Manager. The firm also incorporated the cTrader platform, providing users with diverse trading options.
Last month, FunderPro announced plans to introduce futures trading, launching a waitlist for early access and unveiling a dedicated service website, funderprofutures.com.
Critique of AI Misuse in Finance
In a broader discussion on artificial intelligence, Acuity CEO Andrew Lane criticized the growing trend of “AIwashing,” where companies overstate their AI capabilities to attract attention or investment. He likened it to “greenwashing,” where firms exaggerate sustainability claims.
“There’s more to AI than just the name,” Lane remarked, suggesting that many companies promoting AI products lack a genuine understanding of the technology. Lane’s extensive experience in machine learning and natural language processing underpins Acuity’s commitment to delivering truly innovative tools, rather than simply riding the AI hype wave.
Founded in 2013, Acuity Trading has remained at the forefront of using advanced machine learning and natural language processing to provide actionable insights for traders.
