An AI software which gives a real-time snapshot of global sentiment by both tracking and anticipating market moves is now free to the public.
London-based INFINOX’s sentiment analysis tool is powered by millions of separate data sources curated on its behalf by DowJones, 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.
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.
The technology, which uses AI to ingest and analyse thousands of news stories, company announcement 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.
“Sentiment is more than just a mirror on the market – it can be a market-mover in its own right,” said Jay Mawji, managing director of INFINOX.
“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.”