BNP Paribas and QuantumStreet AI have launched 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 investing techniques with the AI-powered approach of trend-following signals powered by QuantumStreet AI – which are designed to identify cues that might otherwise be missed to allow for the targeting of optimal allocations across global asset classes.
The strategy underpinning this Index captures a broad range of available information by leveraging both past data and forward-looking indicators via AI analysis.
QuantumStreet AI utilizes IBM watsonx as the foundation for its Gen AI platform.
The BNP Paribas Cross Asset Trend and AI Index will be used to provide the basis for global structured products being made available to BNP Paribas’ clients.
Adil El Batji, Head of Global Equities, Americas at BNP Paribas said: “This collaboration brings together the knowledge of two industry leaders to provide clients with cutting-edge 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, said: “It is ever so important to identify and harness consistent sources of return within a systematic framework and AI driven approaches provide a solid basis for that. We look forward to strengthening our relationship and serving the bank’s global client base.”
