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Softlogic Stockbrokers launches SL’s first-ever AI-powered market research platform

23 Mar 2024 - {{hitsCtrl.values.hits}}      

Team behind StockGPT

The local financial market landscape reached a new milestone with Softlogic Stockbrokers unveiling Sri Lanka’s first-ever artificial intelligence (AI)-powered market research platform StockGPT.
Developed by the in-house tech team of the group, StockGPT utilises cutting-edge AI technologies, including Microsoft Azure OpenAI Service. The platform offers investors, financial analysts and fund managers unprecedented and instant access to real-time, credible information on the companies listed on the Colombo Stock Exchange (CSE). 
StockGPT, which can now be accessed through www.stockgpt.lk, has been developed to analyse the credible and directly-sourced data from the annual reports of the CSE-listed companies as well as reports relating to the financial and tourism sectors, that comprise some of the most sought-after information, given their importance to the national economy. 
The inspiration behind StockGPT stems from customer feedback over the years on the limitations of relying solely on the stockbroking firms for market research, which impacts the speed and efficiency of investment decision-making. 


One primary challenge is the potential for information asymmetry, where interested local and foreign investors might receive only partial or selective insights, due to the limitations in time and resources. Therefore, being able to directly obtain information relating to the companies listed on the CSE is a game changer. 
With StockGPT, Softlogic Stockbrokers aims to bring a transformative shift in the Sri Lankan financial market, providing greater accessibility for the users whenever and wherever they need it. By leveraging AI, StockGPT directly tackles the issues associated with information asymmetry, time constraints and limited insights in traditional stockbroker interactions. 
Some of the types of questions you can ask StockGPT include:
-What are the main business segments of X company?
-What is the total installed capacity of X company?
-How much has X company paid in claims during 2022?
-How much is the Dividend Per Share paid by X company in 2023? 
-What were the top five tourism source markets in 2022? 
With further improvements planned for the future, the application has the potential to be a game changer in the Sri Lankan capital market as the go to primary knowledge hub for industry participants and clients alike.
Softlogic Stockbrokers Director/Chief Executive Officer Dihan Dedigama stated, “This innovative tool empowers investors with credible information, fostering a culture of informed decision-making. By doing so, Softlogic Stockbrokers contributes significantly to the growth and modernisation of the nation’s financial sector, ensuring that all stakeholders, regardless of their scale, have the tools they need for success in today’s dynamic investment environment.”


Softlogic Life Chief Digital Innovation Officer Saranga Wijayarathne said that StockGPT is a testament to their commitment to innovation and their capability to harness cutting-edge technology to address the real-world requirements. 
Softlogic Stockbrokers (Pvt.) Ltd is a subsidiary of Softlogic Capital PLC and part of the Softlogic group financial services sector. The Softlogic group has diversified interests and perhaps the largest consumer base, being present in retail, healthcare and financial services.