BNP Paribas, Europe’s leading global bank, and QuantumStreet AI, a global leader in AI-powered investment solutions, have announced the launch of a proprietary BNP Paribas Cross Asset Trend and AI Index in Brazil, with global expansion plans.
This index combines traditional trend-based investing techniques with AI-powered trend-following signals from QuantumStreet AI, designed to identify hidden cues for optimal allocations across global asset classes. The strategy leverages past data and forward-looking indicators through AI analysis. QuantumStreet AI’s generative AI platform is built on IBM watsonx.
By integrating BNP Paribas’ proprietary trend analysis and indexing capabilities with QuantumStreet AI’s machine learning models, the index provides a comprehensive view of cross-asset market trends, including equities, fixed income, and commodities. It covers equities and bonds in the U.S., Europe, and Japan. The BNP Paribas Cross Asset Trend and AI Index will serve as the basis for global structured products available to BNP Paribas’ clients, offering unique market insights and opportunities.
XP, a leading financial platform in Brazil, will offer the BNP Paribas Cross Asset Trend and AI Index, providing investors with innovative and diversified financial products.
Adil El Batji, Head of Global Equities, Americas at BNP Paribas, stated, “Our collaboration with QuantumStreet AI underscores BNP Paribas’ commitment to innovation and enhanced investment strategies. This partnership merges the expertise of two industry leaders to deliver cutting-edge quantitative investment solutions that leverage data-driven insights.”
Chris Natividad and Subhra Tripathy, Principals at QuantumStreet AI, commented, “We are excited to partner with BNP Paribas on this new Index. Identifying and harnessing consistent sources of return within a systematic framework is crucial, and AI-driven approaches offer a solid foundation for this. We look forward to strengthening our relationship and serving BNP Paribas’ global clients.”
Raj Datta, Vice President, ISV and AI Partnerships at IBM, added, “Collaborating with QuantumStreet AI allows institutions to access AI-driven investment solutions through watsonx, driving rapid innovation and trusted AI.”
Victor Vallim, Head of Structured Note Distribution and Partner at XP, said, “We are confident in our work with BNP Paribas and QuantumStreet AI on the BNP Paribas Cross Asset Trend and AI Index. This product offers innovation and capability in a single package. The low volatility of the index generates optimal conditions for access through XP’s Structured Notes, potentially providing high minimum rates of return or elevated leverage over a predefined period, benefiting various client profiles.”
