Europe Stock Benchmark Owner to Create World's First AI Index
- Firm is also considering building a cryptocurrency index
- Advanced technology making further inroads on Wall Street
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Stoxx Ltd., a division of Germany’s Deutsche Bourse AG, hopes to build its first index created from artificial intelligence by the first quarter of next year, said chief executive officer Matteo Andreetto.
The achievement for Stoxx -- the operator of benchmarks including the Euro Stoxx 50 and Germany’s DAX Index -- would be what Andreetto says is a world first and take smart strategies to a new level. A 20-strong team of data scientists is working to help the company’s computers better screen information that can drive investment ideas, he said in an interview in Hong Kong Tuesday.