“Market monitoring to predict and early warn of abnormal trading is necessary by using IT based on big data and AI,” said Kim Young-choon, head of the market oversight system team at the exchange. (image: KobizMedia/ Korea Bizwire)
SEOUL, Aug. 24 (Korea Bizwire) – South Korea will set up a new stock market monitoring system using artificial intelligence (AI) by 2018, the nation’s bourse operator announced Wednesday.
The move is intended to counter unfair stock trading taking advantage of information technology (IT), social micro-blogging sites and robo-advisors, according to the Korea Exchange.
“Market monitoring to predict and early warn of abnormal trading is necessary by using IT based on big data and AI,” said Kim Young-choon, head of the market oversight system team at the exchange.
It plans to open the bid for the establishment of the system next month and begin the full-scale work in early November.
(Yonhap)
