SESAMm, a provider of big data and artificial intelligence solutions for investment professionals, and Compass Financial Technologies, the Swiss-based independent index provider, has announced a partnership to create a new cryptocurrency-based thematic index using web sentiment data.
The new index, powered by SESAMm’s AI and NLP analytics, is designed to leverage a diverse range of cryptocurrencies and incorporate sentiment data from the web. The index will aim to capture the market’s sentiment towards cryptocurrencies and provide investors with a new way to gain exposure to this emerging asset class.
“We are excited to partner with Compass Financial Technologies and leverage their knowledge and capabilities in index construction. We believe that this collaboration will bring innovation for investors that want to approach the crypto market,” says Sylvain Forté, CEO of SESAMm. “Cryptocurrencies have become an increasingly important asset class, and web sentiment data can provide valuable insights into market trends and investor sentiment.”
“By partnering with SESAMm, we can leverage their recognised expertise in big data and AI to create a unique index that allows investors to access the cryptocurrency market with a new, dynamic approach, giving them a comprehensive insight into the digital assets landscape,” says Guillaume Le Fur, CEO of Compass Financial Technologies. “This new index will complement our digital asset offering, which now covers a wide range of solutions from market access indices to more sophisticated solutions,” he concluded.
The new thematic index is expected to launch in June and will be available to investors through a range of financial products and solutions. The partnership between SESAMm and Compass Financial Technologies represents a significant step forward in using web sentiment data to create innovative financial products and solutions.