Fintech firm Alpaca launches “AlpacaForecast AI Prediction Matrix” for Bloomberg users

Maria Nikolova

The “AlpacaForecast AI Prediction Matrix” is an application that utilizes Alpaca’s large-scale data processing technology and deep learning technology and shows real-time short-term forecasts for major markets.

Japanese fintech expert AlpacaJapanCo., Ltd. has announced a partnership with Bloomberg L.P. and the launch of a price forecasting application “AlpacaForecast AI Prediction Matrix” for Bloomberg users.

The “AlpacaForecast AI Prediction Matrix” is an application that utilizes Alpaca’s large-scale data processing technology and deep learning technology and shows real-time short-term forecasts for major markets. The company has decided to develop this application in hope that it would bring advanced AI market forecasting capabilities to the global financial community, right to their desks.

In particular, Alpaca applied convolutional neural network (CNN) based deep learning engine with high pattern recognition function commonly used for image recognition/video recognition to time series analysis. Analysis of tick data which has been hard for human eyes to recognize makes market prediction possible.

For the time being, the list of supported assets includes USD/JPY, EUR/USD, AUD/JPY and US Treasury 10 years bond etc. The company is planning to expand the asset classes and coverage period in the future for users at no additional cost. Also, Alpaca plans to release “AlpacaForecast AI Prediction Matrix Pro” which includes CME products in the near future.

Alpaca reiterated its commitment to developing AI-driven market forecasting leveraging big data processing and deep learning technology.

Alpaca has been working on other AI-based solutions too. In March this year, a partnership between Japan’s Jubun Bank and Alpaca resulted in a new service harnessing the capabilities of AI. The solution targets those who would like to make use of foreign currency deposits and would like to do so at the right moment, that is, when the exchange rates are most favourable.

The service aims to determine when the exchange rates are best and alerts the customer about it. Based on account settings pre-defined by the customer, the AI system makes a deposit from one’s JPY account to one’s foreign currency savings account. As per the default settings, the system will make such a transfer automatically once a month, when the AI engine determines that the rates are the best. The customers have the right the determine upper and lower limits for the exchange rates they deem acceptable.

Read this next

Digital Assets

SEC denies First Trust Advisors-SkyBridge application for Bitcoin ETF

The US Securities and Exchange Commission (SEC) has again rejected another bid to list a spot bitcoin exchange-traded fund (ETF), which is widely seen as a proxy into crypto for millions of retail investors.

Technology

Crypto fund Modus.Trade taps Gold-i to manage its technology infrastructure

Modus.Trade, which operates an investor network, online learning platform, and suite of algorithmic trading strategies, has selected FinTech company Gold-i to manage its entire technology infrastructure.

Industry News

Ripple’s “biggest victory” triggers XRP Holders’ request for unprivileged SEC meetings

“The biggest victory for Ripple and XRPHolders, from Judge Netburn’s recent decision, isn’t necessarily the email with the Draft version of the Hinman speech.”

Retail FX

Fintech Alpaca poaches Pepperstone Cyprus head Victor Zachariades

Victor Zachariades, who joined Pepperstone in 2019 to head up its Cyprus operations, has left the FX firm to join Alpaca, a stock brokerage that allows developers to build apps, services, and trading platforms.

Industry News

Public.com acquires HyperCharts to improve broker’s data visualization

“One chart is worth 1,000 numbers. We built HyperCharts to make financial analysis easy, fun, and approachable for the masses by turning complex SEC filings into simple, interactive charts.”

Institutional FX

FX HedgePool launches mid-month roll cycle for better pools of peer liquidity

“By introducing this new cycle, we’re offering the buy-side greater choice with respect to accessing safe and transparent pools of peer liquidity.”

Digital Assets

Robinhood launches Beta version of crypto wallet

Wallets will allow Robinhood users to send and receive their crypto from Robinhood to external crypto wallets, fully connecting Robinhood crypto holders to the greater blockchain ecosystem for the very first time – a major milestone for the broker’s venture into crypto.

Industry News

JKO Play drops out of running to acquire Playtech

A consortium called JKO Play, led by former Formula 1 boss Eddie Jordan and gambling industry veteran Keith O’Loughlin, has pulled out of the race to acquire Playtech.

Institutional FX

ABN AMRO launches fractional investing infrastrucutre, BUX is first broker client

“The launch of fractional investing marks an important new chapter in the normalization of investing in Europe.”

<