Jefferies Report on AI‑Agent Trading Tools
Jefferies released a research note on Monday detailing the latest developments in artificial‑intelligence‑driven trading agents across leading brokerage platforms, highlighting a continued expansion of functionalities and asset‑class coverage since the firm’s initial June analysis.
Interactive Brokers introduced an autonomous trading capability on 21 October, allowing clients to create dedicated AI partitions within existing accounts that can execute trades without manual approval. The feature supports 75,000 global stocks, options and ETFs. Earlier, in July, Interactive Brokers broadened its large‑language‑model (LLM) support from three initial models to any LLM built on the MCP standard.
Robinhood launched its Agent Apps in September, enabling users to subscribe AI agents to institutional data feeds from Nasdaq, SpotGamma and Token Terminal. The platform expanded from equities‑only to include options in August and cryptocurrency. By 29 September, Robinhood reported that over 150,000 customers had opened agentic trading accounts, and agents were using the platform’s tools nearly 30 million times daily.
ETrade rolled out its Model Context Protocol connectors on 8 October, permitting users to link live brokerage accounts to third‑party AI models. Schwab began a gradual rollout of its conversational agent in October, offering quote retrieval, market information, watchlist management and research‑tool access. Schwab also announced testing of MCP‑based AI trading tools with one LLM provider, with a consumer‑facing launch supporting multiple LLMs expected in the coming months.
Coinbase added U.S. stocks and ETFs to its offering in September after previously offering only spot crypto and derivatives. In October, the exchange further expanded to include index and crypto perpetuals. Coinbase disclosed that 99% of all agentic stablecoin transaction volumes in the second quarter occurred on its Base network.
Nasdaq introduced an Agentic AI operating environment within its Calypso platform in September, designed to connect AI agents across capital‑market and treasury workflows.
Tastytrade announced plans to provide a fully autonomous agentic AI solution that will assess proprietary datasets and execute multi‑asset trading strategies.
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