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Jul 24, 2024 3 MIN

Building an AI Stock Analysis Agent using our open source Platform

Seth Hobson, an experienced trader and software engineer, tells us how he uses the OpenBB Platform to enhance his trading strategies by integrating nearly 100 data sources. In this post, he demonstrates the flexibility and power of OpenBB in building AI-driven stock analysis tools and custom trading solutions.

Situation

As both an experienced trader and software engineer, Seth Hobson has always developed his own tools to support his trading strategies.

In his daily routine, he relies on a combination of technical, fundamental, and sentiment analysis, often using custom-built solutions.

The OpenBB Platform

The OpenBB Platform has proven to be an exceptional resource, seamlessly integrating with and enhancing my personal trading ecosystem.

  • Seth Hubson

The OpenBB Platform is an open-source tool that integrates almost 100 different data sources from asset classes such as equity, options, crypto, forex, and macroeconomy. Developers can build on top of it to create their own tools by relying on our Python library or getting financial data through a web API.

In his Swapping Symbols blog series, Seth demonstrates how OpenBB's comprehensive data services can be leveraged to build advanced AI-driven financial analysis tools that not only mirror the multi-faceted approach of seasoned market participants but also integrate smoothly with custom-developed trading software.

Throughout the articles, he showcases how OpenBB's robust APIs serve as a powerful complement to creating trading tools.

Seth’s blog “Swapping Symbols

By integrating OpenBB with custom-built systems, he has made a sample AI stock analysis agent that combines the depth and breadth of OpenBB's data with the specialized functionality of tooling some would consider proprietary knowledge.

The series highlights OpenBB's flexibility and extensibility, critical factors for software engineers building bespoke trading solutions. From retrieving historical price data for technical analysis to accessing vital financial metrics for fundamental evaluation and even incorporating sentiment data, OpenBB proves to be a versatile foundation upon which I can build and expand my trading technology stack.

My project demonstrates how the OpenBB Platform can be seamlessly combined with cutting-edge AI technologies and custom-developed tools to create sophisticated, tailored financial analysis solutions. It showcases OpenBB's potential not just as a standalone platform but as a critical component in a broader, personalized trading ecosystem.

By incorporating OpenBB into a multi-agent system and integrating it with a few techniques he uses in his own software, Seth has demonstrated the underpinnings of a tool that reflects the nuanced, comprehensive approach of an experienced trader and the technical precision of a software engineer. The 'Swapping Symbols' series offers fellow developers, quants, traders, and financial analysts a practical guide on leveraging OpenBB's capabilities within an AI-driven, custom-built trading environment.

Next Steps for Seth Hobson

Looking ahead, I'm excited about a new project I’m developing — a next-generation application designed to serve traders at various stages of their journey with AI personas that align with their goals.

This forthcoming application will incorporate the techniques showcased in the 'Swapping Symbols' series and many more, acting as an intelligent companion for traders as they navigate the complexities of stock trading.

By leveraging the power of OpenBB alongside advanced AI and custom analytics, this application aims to democratize sophisticated trading strategies and provide personalized insights to traders of all levels.

Follow Seth on Twitter or LinkedIn to keep an eye on this new project.

To learn more about the OpenBB Platform, read our documentation and check out our GitHub repo!

If you’re building an exciting product using OpenBB, reach out to us (at hello@openbb.co or on social media) so we can highlight your project!

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