Credit Suisse announced the launch of the Credit Suisse RavenPack Artificial Intelligence Sentiment (AIS) Index, a result of its collaboration with RavenPack to create quantitative investment strategies from news analyses leveraging RavenPack’s artificial intelligence algorithms.
The AIS Index tracks the notional performance of an algorithmic US large-cap sector-rotation strategy, harnessing the power of big data analytics to make sector allocation decisions in a tradable and systematic way. The strategy is based on sentiment scoring extracted from news data by RavenPack’s artificial intelligence algorithms, and it represents Credit Suisse’s entry into the growing field of big data-driven investment analysis. It is the bank’s first quantitative investment strategy resulting from its collaboration with RavenPack.
“We are excited to be working with RavenPack to provide a quantitative approach to information gathering. The Index offers an innovative means to obtain exposure to asset allocations that are systematically selected by sophisticated data-driven analysis,” says Elaine Sam, Head of Equity Derivative Sales for the Americas.
“Big data and artificial intelligence present a huge opportunity for the financial services industry, and this milestone collaboration with Credit Suisse shows the increased value our news analytics can provide to equity investors,” saysArmando Gonzalez, President and CEO, RavenPack.
Source: Credit Suisse
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
This addresses the shortcomings of applying LLMs in regulated markets, including hallucinations.
-
Market participants across the globe face a growing list of challenges in trade settlement.
-
The bank will use its new system to deploy AI applications and manage AI infrastructure.
-
BNP Paribas and Citi are the first institutional investors in the digital transformation platform.
-
Nearly one fifth og patents granted last year related to AI and machine learning.