BNP Paribas and QuantumStreet AI today announced the launch of a proprietary new BNP Paribas Cross Asset Trend and AI Index in Brazil with global plans.
The BNP Paribas Cross Asset Trend and AI Index is designed to combine traditional trend-based investment techniques with the artificial intelligence of trend-following signals powered by QuantumStreet AI, designed to spot signals that might otherwise be lost to target optimal allocations across global asset classes. The strategy underlying this indicator captures a wide range of available information by leveraging both historical data and forward-looking indicators through artificial intelligence analysis.
QuantumStreet AI uses IBM watsonx as the basis for its productive AI platform.
Incorporating BNP Paribas’ proprietary trend analysis, leveraging award-winning indexing capabilities and QuantumStreet AI’s renowned machine learning models for institutional investors, the index aims to provide a comprehensive view of market trends across multiple assets, including equities, fixed income and commodities and across geographies covering equities and bonds in the US, Europe and Japan.
The BNP Paribas Cross Asset Trend and AI Index will be used to provide the basis for globally structured products available to BNP Paribas clients, offering investors a unique perspective and way of accessing market trends and emerging opportunities.
XP, a technology-based platform and provider of financial products and services in Brazil, offers the BNP Paribas Cross Asset Trend and AI Index on its platform, providing investors with diversified financial products that are at the forefront of global innovation.
Adil El Batji, Head of Global Equities, Americas at BNP Paribas, said:
“BNP Paribas’ collaboration with QuantumStreet AI underscores the bank’s commitment to driving innovation and exploring new avenues to enhance investment strategies. This partnership brings together the knowledge of two industry leaders to provide cutting-edge clients with quantitative investment solutions that leverage data-driven insights to optimize portfolio performance and transform the investment landscape.”
Chris Natividad and Subhra Tripathy, Principals at QuantumStreet AI added:
“We are excited to be working with BNP Paribas to introduce this new Index. It is always so important to identify and leverage consistent sources of return within a systematic framework, and AI-based approaches provide a solid foundation for this. We look forward to strengthening our relationship and serving the bank’s global customer base.”