Exclusive: 11,000 Traders Achieve 81% Accuracy with Tiger’s AI Assistant

<p>After <a href="https://www.financemagnates.com/forex/tiger-brokers-launches-industrys-first-ai-investment-assistant-tigergpt/" target="_blank" rel="follow">three
months of testing</a> involving over 11 thousand individual investors and crypto
traders, Tiger Brokers announces the rollout of TigerGPT, the first AI
investment assistant in the brokerage industry. TigerGPT now serves users in
New Zealand, Australia, and Singapore, with more countries to come.</p><p>Finance
Magnates obtained
exclusive insight into the statistics of the conducted user testing phase,
which revealed that 81% of clients considered the answers provided by the
chatbot to be accurate and satisfactory.</p><p>Tiger Brokers Concludes
Testing Phase of TigerGPT</p><p>The new
assistant, available within the Tiger Trade app, aims to enhance efficiency in
pre-investment preparation. These include personalized stock research,
displaying trending market topics, and providing summaries of earnings releases.
With <a href="https://www.financemagnates.com/tag/tiger-brokers/" target="_blank" rel="follow">TigerGPT</a>, investors can quickly filter stocks based on preferred criteria,
stay updated with the latest market trends, and grasp a company's performance
overview at a glance.</p><p>The
assistant also aids investors in extracting relevant company news and
conducting detailed sentiment analyses. By leveraging Tiger Trade's access to
premium data and research, TigerGPT can provide essential information such as
support and resistance indicators, stock trend analyses, and economic
calendars, effectively addressing a wider range of inquiries.</p><p>"We
recognize the crucial role AI plays in the investment industry today and its
potential for future growth, which is why we developed TigerGPT — to
revolutionize the investor experience on a larger scale," Henry Toh, the CFO
at Tiger Brokers (Singapore), commented.</p><blockquote><p lang="en" dir="ltr">[9th Anniversary] – TigerGPT, your 24/7 AI investing companion. <a href="https://t.co/vzqrEmVACv">https://t.co/vzqrEmVACv</a>TigerGPT does not provide any recommendation, all information provided is from the open data source. This advertisement has not been reviewed by the Monetary Authority of Singapore.<a href="https://twitter.com/hashtag/Investing?src=hash&amp;ref_src=twsrc%5Etfw">#Investing</a> <a href="https://t.co/uJz634TG4Y">pic.twitter.com/uJz634TG4Y</a></p>— Tiger Brokers Singapore (@TigerBrokers_SG) <a href="https://twitter.com/TigerBrokers_SG/status/1686919820682711040?ref_src=twsrc%5Etfw">August 3, 2023</a></blockquote><p>TigerGPT
offers multi-turn conversations, allowing the chatbot to retain previous user
inputs and deliver meaningful responses based on the ongoing dialogue. It
presents itself as a pop-up notification when unusual stock activities or
significant events are detected. Utilizing <a href="https://www.financemagnates.com/terms/m/machine-learning/">machine learning</a> technology,
TigerGPT absorbs new information and evolve as Tiger Brokers' engineers
constantly update its database with the latest financial data.</p><p>11,000 Testers Satisfied with TigerGPT Performance</p><p>According
to information that Tiger Brokers shared with Finance Magnates, more
than 11,000 of the broker's customers participated in the beta testing phase.
As part of the survey conducted after the three-month period, 80.85% found the
chatbot's answers to be accurate (rating them on a scale of 0 to 5). The
quality and reliability of the information presented, its timeliness and
comprehensiveness were taken into account. </p><p>Moreover,
based on the likes and dislikes ratio, Tiger Brokers estimates that 76% of
users were satisfied with the overall results they received.</p><p>"Users
no longer need to rely solely on keyword searches or sift through vast amounts
of information to find relevant and concise content, which can be
time-consuming. With TigerGPT as their AI investment companion, users can now
enjoy a whole new dimension of the interactive experience, empowering them to
make more informed and intuitive investment decisions," Toh added.</p><p>Artificial Intelligence
Boom in Retail Trading Industry</p><p>As <a href="https://www.financemagnates.com/cryptocurrency/crypto-and-ai-contrasts-and-compatibility/" target="_blank" rel="follow">reported
</a>by Finance Magnates, ChatGPT has garnered widespread praise in recent
times for its performance. Among various AI technologies, machine learning has profoundly
impacted trading data analysis. Particularly for retail traders, affordable
access to data plays a crucial role. Such data is available in diverse forms,
spanning from ultra-low latency real-time information accessed through APIs to
various levels of delayed market data. Moreover, traders can readily access
historical market replay streams and data downloads.</p><p>Will
Carter, a trading solutions developer and the Head of Trading and <a href="https://www.financemagnates.com/terms/a/analytics/">Analytics</a> at
MahiMarkets, thinks that "machine learning has been the most significant
innovation in data analysis in recent times."</p><p><a href="https://www.financemagnates.com/forex/three-out-of-four-traders-consider-chatgpt-a-trusted-source-for-financial-advice/" target="_blank" rel="follow">According
to the latest annual Investor Index study</a>, there is a burgeoning trend in the
UK, where reliance on AI for financial advice is on the rise. The survey
reveals that an impressive 73% of the UK investors trust ChatGPT to offer
reliable financial advice in the future.</p>

This article was written by Damian Chmiel at www.financemagnates.com.