DEPLOYMENT · EU
Scalable Capital opens brokerage API to ChatGPT, Claude, Grok for direct account access
German neobroker Scalable Capital became the first European bank to let customers connect AI assistants (ChatGPT, Claude, Grok) directly to live trading accounts. Customers can now issue buy/sell orders through AI chatbots, transferring execution risk to the AI layer.
WHY IT MATTERS
First direct LLM-to-brokerage API integration in Europe. Sets precedent for liability model when AI places live trades; regulators will watch for dispute escalation and suitability gaps.
Source: PYMNTS · 2026-09-01