BNP Paribas partners with MGI to launch AI FX index

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BNP Paribas has partnered with Millennium Global Investments (MGI) to launch BNP Paribas MGI Systematic Currency Alpha Index, a foreign exchange index that works on Artificial Intelligence through machine learning.

With the systematic FX signals provided by MGI, BNP Paribas is able to determine the long or short exposure to four liquid currency pairs selected to represent the global FX market (USDGBP, USDEUR, USDAUD and USDJPY)

Francois Oustry, Head of Quantitative Investment Management and Innovation at Millennium Global Investments says: “Millennium Global’s foreign exchange systematic strategy was designed to provide an uncorrelated, diversifying stream of returns, and we look forward to collaborating with BNP Paribas to ensure that together we deliver a useful and effective solution for investors.”

Mark Astley, Chief Executive Officer of Millennium Global Investments says: “We are very pleased that BNP Paribas has selected Millennium Global as a product partner. We believe that by offering our innovative strategy through their platform, BNP Paribas will enable a wide range of users to gain access to a solution that is normally only available to large institutional investors.”

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