Kama Capital Deploys AI to Enhance Retail Trading in the Middle East

<p>Eager to
accelerate the development of their brokerage services in the Middle East and
tap into the growing potential of <a href="https://www.financemagnates.com/terms/a/artificial-intelligence-ai/">artificial intelligence (AI</a>) in retail
trading, Kama Capital has partnered with Acuity Trading, a provider of
AI-driven market insights. It is another broker in the MENA region that has
been betting on artificial intelligence recently.</p><p>Kama Capital and Acuity
Initiate Collaboration</p><p>This
partnership will enhance Kama Capital's current offerings with Acuity's AI
tools, augmenting its clients' ability to navigate financial markets. As a
result, traders can expect more detailed market insights based on artificial
intelligence technology. Moreover, it will introduce AI-based solutions that are presently popular in bots in the Middle East. </p><p>“We are
thrilled to announce our strategic collaboration with Acuity, as we believe it
will empower our clients with the best tools and educational materials to trade
with confidence in the market,” commented Khaldoun Hilal, the CEO of Kama
Capital.</p><p>For Acuity,
this is another recent collaboration with a Middle Eastern broker. In June, Finance
Magnates reported that GTC Forex (GTCFX), a multi-asset STP broker
headquartered in Dubai since 2006, <a href="https://www.financemagnates.com/forex/gtcfx-announces-partnership-with-acuity-trading/" target="_blank" rel="follow">announced a strategic partnership</a> with the
AI-driven tools provider. Acuity also supplied artificial intelligence-based
tools to support the trading process as part of the cooperation.</p><p>“This
collaboration will blend Acuity’s innovative, AI-powered market insights with
Kama Capital’s strong regional presence and customer-centric approach,” stated
Andrew Lane, the CEO of Acuity Trading.</p><p>Acuity is a
London-based firm established in 2013 which uses proprietary technology to
extract and interpret rich sentiment data from global news sources. It delivers
key market signals by using advanced <a href="https://www.financemagnates.com/terms/m/machine-learning/">machine learning</a> and natural language
processing technology.</p><p>Brokers Are Adopting AI on a Grand Scale</p><p>ChatGPT
from OpenAI has sparked a true market revolution and made almost every company
want to implement AI-based chatbots into their structures. This also applies to
brokers and retail trading platforms. <a href="https://www.financemagnates.com/forex/technology/will-ai-change-the-fxcfd-industry-its-a-question-of-how-not-if/" target="_blank" rel="follow">From a broad perspective</a>, artificial
intelligence has numerous applications in the financial industry, ranging from
fraud detection to customer service.</p><p>As early as
April, <a href="https://www.financemagnates.com/forex/tiger-brokers-launches-industrys-first-ai-investment-assistant-tigergpt/" target="_blank" rel="follow">Tiger Brokers</a>, a leading online brokerage firm trading brand focusing on
Chinese investors UP Fintech Holding Limited, presented an alternative to the
artificial intelligence chatbot ChatGPT, named TigerGPT. According to the
company's press release, this was the first AI trading assistant released in
the industry.</p><p>According
to the <a href="https://www.financemagnates.com/forex/three-out-of-four-traders-consider-chatgpt-a-trusted-source-for-financial-advice/" target="_blank" rel="follow">latest annual Investor Index study</a>, a new wave of reliance on AI for
financial advice is forming in the UK. The study indicates that 73% of British
investors trust ChatGPT for providing credible financial advice in the future.</p><p>This week,
<a href="https://www.financemagnates.com/forex/cfi-financial-joins-ai-trend-and-presents-capitaliseai-trading-platform/" target="_blank" rel="follow">CFI Financial Group</a> has joined the AI trend in MENA, launching Capitalise.ai,
a third-party trading tool. This AI-based trading platform offers clients the
ability to automate their trading strategies using uncomplicated, plain
English, eliminating the need for coding skills. According to CFI,
Capitalise.ai is aimed to improve trading experiences and reduce the risk of
human error.</p>

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