Artificial intelligence to drive new BNP Paribas alpha FX index
Bank expects it to be of particular interest to investors seeking low-risk alpha from FX markets
BNP Paribas has launched a systematic currency alpha FX index, driven by artificial intelligence, which the bank says will give investors the opportunity to benefit from an uncorrelated stream of returns as part of a diversified cross-asset portfolio.
The index was launched in collaboration with Millennium Global Investments, which will provide BNPP with systematic FX signals on some of the world’s most liquid currency pairs on a daily basis. The bank will use these signals to determine long
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