W&F Issue 8 2018

www.wealthandfinance-news.com 24 Wealth & Finance International - Issue 8 - 2018 • Sentiment analysis tool which constantly monitors more than five million data sources is launched by online trading platform INFINOX • AI software gives a real-time snapshot of global sentiment which both tracks – and anticipates – market moves • Once the exclusive preserve of City titans, the technology is now being offered to everyone for free Artificial intelligence technology which successfully anticipated the Pound’s sharp drop at the start of August is being made available for free by the online trading platform INFINOX Capital . INFINOX’s sentiment analysis tool continuously tracks more than five million data sources from around the world to build up a detailed, global picture of market attitudes towards everything from currencies to commodities, and from equity indices to cryptocurrencies. The technology, which uses AI to ingest and analyse thousands of news stories, company announcements and social media posts every minute, gives investors a real-time snapshot of market sentiment which doesn’t just reflect price movements, but can be used to anticipate them too. For instance the software identified a worsening of sentiment towards sterling on 28th July, a week before the Bank of England raised UK interest rates. That negative sentiment endured and even led sterling to fall on the day of the Bank’s announcement, despite convention suggesting rate rises cause the Pound to appreciate. In the following days, comments by the Bank’s Governor Mark Carney and International Trade Secretary Liam Fox about the increasing likelihood of a ‘no-deal’ Brexit sent sterling sentiment reeling further. Despite the publication of official data showing an improvement in UK GDP, the Pound took its cue instead from the negative sentiment and plunged to its lowest level against the Dollar for more than a year. Jay Mawji, Managing Director of INFINOX, commented : “Sentiment is more than just a mirror on the market – it can be a market-mover in its own right. “The Pound’s recent behaviour is a case in point. Investors’ fears of a messy, cliff-edge Brexit combined with negative sentiment to drag down sterling when conventional wisdom suggested it would rise. “Such insights can give investors a decisive edge, but previously the prohibitive cost of the AI used to power sentiment analysis tools meant they were beyond the reach of all but the wealthiest fund managers and trading desks. “But INFINOX is committed to putting world-class trading power into everyone’s hands. Advances in AI have allowed us to develop an interactive sentiment analysis tool that any investor can use – for free – to help them make better informed trading decisions.” INFINOX’s sentiment analysis tool is powered by millions of separate data sources curated on its behalf by Dow Jones, and is one of a suite of powerful but intuitive trading tools available on INFINOX’s IX LABS site. As well as a live dashboard showing current market sentiment towards a wide range of asset classes, the IX LABS site also offers tutorials, daily market news and charts showing the interplay between sentiment and price. Registration is free, and its goal is to help investors identify clear, actionable intelligence they can use to improve their investment strategy. About Infinox INFINOX Capital Ltd is a global, online trading platform based in the City of London. Authorised and regulated by the Financial Conduct Authority, it enables clients across the UK, EU and beyond to trade a full range of asset classes, from forex to equities and commodities. Its business is built on integrity and trust, and it offers customers access to a range of market intelligence tools as well as dynamic products, competitive trading parameters and premium, one-on-one customer service. www.infinox.com https://labs.infinox.com Ai tech which accurately forecast Sterling’s slide is made available to all, for free. FromMirror To Mover 1805WF01 Company: Infinox Capital Limited Contact: Jay Mawji Address: Birchin Court, 20 Birchin Lane, London, EC3V 9DU, UK Phone: 020 3713 4490 Website: www.infinox.com