Quoreka has announced the launch of the Quoreka Sentiment Index (QIndex), an AI-driven commodity sentiment index designed to give market participants a real-time pulse on global sentiment.
Powered by Barchart’s comprehensive news and data feeds, QIndex writes that it leverages the latest in AI and large language models (LLMs) to measure, analyse and quantify sentiment in daily news coverage and generate confidence-based sentiment scores for key commodities.
The QIndex provides a score between 0 (negative) and 1 (positive), based on the average sentiment extracted from relevant news.
“Each day, QIndex scans and filters global news, classifies articles by industry and specificity, and applies sentiment analysis to generate a clear, data-driven index value. Barchart, a leading provider of market data and technology, will supply the news and data infrastructure that powers QIndex, ensuring a reliable, real-time feed into Quoreka’s AI-driven analytics engine.”
“Markets move on sentiment as much as on fundamentals. With QIndex, firms can now track how global news is influencing commodity outlooks in real time and gain a window into how today’s headlines are impacting tomorrow’s markets,” says Dan Romanelli, SVP – Global Head of Business Development of Quoreka. “By combining Quoreka’s AI-driven analytics with Barchart’s trusted market data and news, we’re giving traders, analysts and risk managers a powerful new perspective on market dynamics.”
How QIndex Works:
Daily News Scraping: AI crawls global news articles for commodity-specific stories.
AI-Powered Filtering: LLMs extract only the relevant information, stripping away noise like links or extraneous text.
Classification & Scoring: Articles are categorised by industry and specificity, then scored for sentiment.
Index Calculation: The average sentiment score forms the daily QIndex value allowing traders, analysts and risk managers to track shifts in sentiment at a glance.
From early harvest news in the US boosting optimism, to supply pressures in Eastern Europe pushing sentiment lower, QIndex translates complex global news flow into a simple, actionable daily measure.
“Barchart is committed to empowering the industry with innovative tools that make markets more transparent and actionable. By powering QIndex with our trusted news and data feeds, we’re helping Quoreka deliver a first-of-its-kind solution that translates global headlines into clear sentiment signals,” says Mark Wator, Barchart’s Head of Global Sales. “This partnership combines Barchart’s reliable data infrastructure with Quoreka’s advanced AI, giving market participants a powerful new lens to understand how sentiment is shaping commodity markets each day.”
