Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Saturday, 21 October 2017

Robots picking Stocks ?



You would not be surprised if you had read my following blog :


A Matterof Time    [  03  Jan  2017  ]


where I wrote :


So just wait to find out which Mobile Wallet comes up with the following " innovations " FIRST :


*  All bank accounts of a person ( in different banks ) become inter- operable / fungible ,
   through seamless interlinking , using Aadhar / UPI Interface in a Mobile Wallet
   No need to " select " a particular bank name

=================================

   [ Following news report confirm that the “ Interoperability “ which I predicted in Jan
    2017 , has finally arrived :

   Interoperable mobile wallets in 6 months: RBI  (  Oct  12 , 2017  )

·          


================================================


  
*  All transactions using a Mobile Wallet, automatically entered in BLOCK-
    CHAIN database commonly shared by ALL banks


  
*  Wallet based algorithm will move funds across different bank accounts  for best yield ,
   constantly searching for best interest rates offered by banks on Fixed Deposits


   This will happen automatically , much like algorithm-based share trading , taking
   advantage of price differences in two bourses located 300 km apart ( in one
   thousandths of a second ! )

  


   No rocket science here considering availability of " BEST PRICE " apps for thousands of
   goods and services


  And since computing power of mobiles are doubling every 18 months ( Moore's Law ),
  nothing will stop algo-trading through a Mobile Wallet as well ( Demat A/C on Wallet ? )


So , the expected has come about  !

Here is the full news report ( Mumbai Mirror / 19 Oct 2017 )


The AI powered Equity Exchange-Traded Fund, which launched in the United States on Wednesday, will use IBM’s Watson artificial intelligence technology to pick several dozen stocks with potential to beat the market, the fund’s backers say.


The actively managed fund chooses stocks based on a set of rules that have been created by EquBot that uses artificial intelligence to analyse up to 10 years of data on thousands of stocks, including market sentiment, regulatory filings, news articles and social media posts.

It ranks each company based on the forecasted probability that each will profit from current economic conditions and world events.


“There has been an explosion of information,” Art Amador, co-founder of EquBot, said in an interview.


The explosion of data from the internet and elsewhere needs to be processed objectively, he said. “Humans do not have the capacity or the retention rate to do that.”


AI involves computers combing through troves of raw data to recognise patterns and predict outcomes, and joins a set of technologies displacing traditional – human – equity analysis.


Index-tracking ETFs have grown popular for letting investors trade entire markets as easily as a single stock, with no research necessary.


Even investors hoping to beat the market have increasingly turned to algorithms to pick stocks with attractive prospects.



EquBot that uses artificial intelligence to analyse up to 10 years of data on thousands of stocks, including market sentiment, regulatory filings, news articles and social media posts



21  Oct  2017


No comments:

Post a Comment