Note from the Publisher: I woke up from a brief nap with an idea! Let’s do a Google search of “fintech” and “presidential campaign” and see what comes up. So we ended up with two stories from that idea. First and below is news that broke late last week of an online Swiss bank with an investing algorithm based on different US presidential election outcomes and real-time web polling. Why did it take a Swiss bank to do this? Why am I not reading about an American bank doing this?
“Swissquote fintech solution to facilitate real-time US presidential election opportunities
- Investment opportunities for different election outcome scenarios on financial markets
- New artificial intelligence polling solution, developed with the École polytechnique fédérale de Lausanne, provides real-time web polling information on each candidate
- US election forex basket will allow users to benefit from the effect of election outcome on exchange rates
Swissquote Bank AG, Switzerland’s leading online bank, announces newly created investment opportunities based on different scenarios of impacts of the US elections on financial markets.
Investors wishing to capitalize on the elections will see their investment decisions facilitated by a new predictive analysis tool, which Swissquote has developed in partnership with École polytechnique fédérale de Lausanne (EPFL). Based on an artificial intelligence algorithm, poll results will be publicly available on a dedicated Swissquote page: http://www.swissquote.com/us-election.
Currencies and their exchange rates are the financial assets most sensitive to the US election, often reacting in real-time to single statements the candidates make. The Hillary and Donald US Election Foreign Exchange (Forex) Baskets consist of different shares of currencies that are increasingly correlated to the Poll results, which are the Mexican New Peso, the Canadian Dollar, the Chinese Yuan and the Japanese Yen.
‘This real-time web opinion poll has the potential to become an important factor for investments decisions, whether for the outcome of a presidential election or any other investment impacted by shifts in public sentiment, said Swissquote CEO Marc Bürki. ‘Making this unique metric publicly available, shows that Swissquote continues to lead the effort to merge traditional investment strategy with latest financial technology.'”