BNP Paribas Cross Asset Trend and AI Index
Launching today in Brazil with worldwide intentions is a new proprietary BNP Paribas Cross Asset Trend and AI Index from top global bank in Europe, BNP Paribas, and leading global provider in AI-powered investing solutions, Quantum Street AI.
With the help of Quantum Street AI’s trend-following signals, which are intended to spot cues that humans might overlook, the BNP Paribas Cross Asset Trend and AI Index aims to optimise asset allocations across international asset classes by fusing conventional trend-based investing techniques with AI. By using historical data and indicators that look forward via AI research, the methodology underlying this Index gathers a wide variety of available information. The basis of Quantum Street AI’s generative AI platform is IBM Watsonx.
A comprehensive view of cross-asset market trends, including those in equities, fixed income, and commodities, as well as across geographies covering bonds and equities in the United States, Europe, and Japan, is intended to be provided by the index, which incorporates BNP Paribas’ proprietary trend analysis and makes use of Quantum Street AI’s renowned machine learning models for institutional investors. In order to give investors a distinct viewpoint and method of accessing market trends and new possibilities, BNP Paribas’ clients will be able to purchase global structured products based on the BNP Paribas Cross Asset Trend and AI Index.
The BNP Paribas Cross Asset Trend and AI Index are available on the platform of XP, a well-known, technologically advanced platform that delivers financial goods and services in Brazil. This allows investors to access a range of innovative financial products that are available to them globally.
Lead for Global Equities, Americas at BNP Paribas, Adil El Batji, stated: “BNP Paribas’s partnership with Quantum Street AI demonstrates the bank’s dedication to promoting innovation and investigating fresh approaches to improving investment approach. Through this partnership, the expertise of two prominent figures in the industry will be pooled to provide customers state-of-the-art quantitative investment solutions that maximise portfolio performance and revolutionise the investment landscape by using data-driven insights.
Principals Chris Natividad and Subhra Tripathy of Quantum Street AI continued, “We are excited to be collaborating with BNP Paribas on the launch of this new Index.” Within a methodical framework, identifying and utilising reliable sources of return is crucial, and AI-driven methods offer a strong foundation for this. We anticipate growing closer to one another and providing support to the bank’s international clientele.
Furthermore, according to IBM Vice President of ISV and AI Partnerships Raj Datta, “Institutions can access AI-driven investment solutions with Watsonx by partnering with Quantum Street AI.” For fast innovation to progress and to create reliable AI, such partnerships are necessary.”
Head of Structured Note Distribution and Partner at XP Victor Vallim stated, “We are confident in the work we are doing with BNP Paribas and Quantum Street AI regarding the BNP Paribas Cross Asset Trend and AI Index, which offers innovation and capability into a single product.” With XP’s Structured Notes, you can take advantage of favourable conditions for access to high minimum rates of return or heightened leverage for a predetermined length of time, thanks to the index’s low volatility. This quality gives rise to a range of structures that may be advantageous to various clientele across the ecosystem.”
BNP Paribas
Leader in international banking and the largest bank in the European Union is BNP Paribas. Nearly 183,000 people work for it in 63 countries, including 145,000 in Europe. Commercial, Personal Banking & Services, which includes BNP Paribas Personal Finance and Arval, Investment & Protection Services, and Corporate & Institutional Banking, all have important positions in the Group’s three main areas of activity.
The Group’s strong diversified and integrated approach helps individuals, community associations, entrepreneurs, SMEs, corporates, and institutional clients implement their objectives through financing, investment, savings, and protection insurance. BNP Paribas operates in Belgium, France, Italy, and Luxembourg. In Turkey, Eastern Europe, and the Mediterranean, the Group is implementing its integrated business & personal banking concept. Its leading platforms and business lines in Europe, significant presence in the Americas, and fast-growing Asia-Pacific operations make it a major worldwide bank. BNP Paribas uses Corporate Social Responsibility in all its activities to build a sustainable future and ensure its performance and stability.
Quantum Street AI
As an IBM Business Partner specialising in fintech, Quantum Street AI is a top global supplier of investment solutions driven by artificial intelligence. Unique investment strategies are developed and implemented by fusing the most recent AI techniques with in-depth knowledge of the financial sector. Large volumes of structured and unstructured data are processed in twelve global languages by its proprietary technology, which continuously models 60,000 securities worldwide. To collaboratively create investment solutions that are sold on every continent, QuantumStreet collaborates with the top organisations in the globe.
In reference to the BNP Paribas Cross Asset Trend Index
Aiming for diversification and exposure to the alpha produced by trend-following strategies a popular tactic employed by commodity trading advisor (CTA) managed hedge funds the BNP Paribas Cross Asset Trend Index is a rules-based index.
With 77 components, the Index seeks both long and short exposures to the market in order to address new market conditions including low interest rates and agitated equity markets. The universe encompasses commodities, foreign exchange rates, global equities, rates, and credit.
With the goal of profiting from both upward and downward market movements, the system is founded on the concepts of trend following and risk diversification.
