News
AI · Automation · Brokerage · Investing
Public, a privately held brokerage firm, is rolling out a new feature that allows customers to deploy AI agents for automating investing tactics and executing trades, including buying protective puts, sweeping cash into higher-yielding assets, and setting 20% stop-loss orders.
AI agents currently assist with diverse tasks such as booking air travel, debugging software, and planning workout routines. Public's new offering extends these capabilities directly into financial brokerage, providing customers with sophisticated tools.
These tools include the ability to automatically purchase protective puts to hedge against potential stock losses, particularly if oil prices spike. Furthermore, the AI agents will automatically sweep customers’ cash into higher-yielding assets, such as bonds, optimizing returns on idle funds.
Account holders can also configure these agents to implement a 20% stop-loss order on their trades, ensuring automatic sale of a security to limit potential losses. This development by Public signifies a substantial shift towards empowering individual investors with advanced, automated trading and risk management strategies previously more common in institutional settings.
