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Trading platform Robinhood has expanded its AI assistant to help UK users learn what is driving movements in the stock market.
The feature, called Digests, uses generative AI (genAI) to review breaking news, analyst reports and Robinhood’s data to summarise why a particular stock is moving in “plain English.”
Digests is part of Robinhood’s AI assistant Robinhood Cortex.
The company said the tool will help investors make informed decisions with clarity and confidence, adding that it will be free to all UK customers at launch.
Digests was first rolled out to customers in the US earlier this summer, with the company saying it has already been used by hundreds of thousands of customers.
Robinhood revealed that 95 per cent of those it surveyed in the US told the company they love using the product, with customers saying that the information was up to date, sources were relevant and that it was easy to find what they needed.
“Digests by Robinhood Cortex is our first AI insight tool – built directly into our app,” said Jordan Sinclair, President at Robinhood UK. “We believe our UK customers —from first-time investors to seasoned traders—will appreciate the timely, accessible summaries that highlight what may be moving a stock.”
He added that the company will keep adding AI tools designed to educate customers and help them navigate the stock market.
In February, Robinhood announced that it will launch trading options for its UK customers.
Options are contracts between buyers and sellers whose value is derived from an underlying asset, such as a stock or an index.
These contracts fall under the category of financial instruments known as derivatives.
Robinhood said its customers in the UK can trade options on stocks and indices which will offer investors the ability to trade on broad market indices and offer more diversification and flexibility.
Robinhood will also provide educational resources, including an options guide and video series, to enable customers to understand how to trade options. There will also be round the clock support for customers, including help from options specialists.
