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Nasdaq Woos Chinese Investors With New Intelligent-Data Service

By Wang Zhaoyang and Aries Poon
The new Nasdaq Analytics Hub helps traders extract actionable information from vast data sets through machine intelligence — a type of artificial intelligence that mimics human predictions. Photo: IC
The new Nasdaq Analytics Hub helps traders extract actionable information from vast data sets through machine intelligence — a type of artificial intelligence that mimics human predictions. Photo: IC

Nasdaq Inc. expects its new, artificial intelligence (AI)-based data service will attract more investors in China to trade U.S. stocks via its platform, a senior executive of the U.S. exchange operator told Caixin.

Launched in mid-May, the Nasdaq Analytics Hub helps traders and fund managers extract actionable information from vast data sets through machine intelligence — a subset of artificial intelligence that mimics human predictions. In other words, the service lowers the cost of investment research by mining, and then making sense of, unstructured data from sources such as corporate filings, central bank announcements, social media, retail-investor sentiment and third-party technical analyses.

The new service has already attracted interest from Chinese investors who trade U.S. stocks from Asia, said Tomas Franczyk, managing director APAC, Global Information Services at Nasdaq.

“We see a huge demand especially from the internet securities companies here in China. They are very interested in one of the offerings called PredictWallStreet. So basically what PredictWallStreet does is that they have a social platform where the investors all from the world can predict a specific stock,” Franczyk said in a recent interview.

PredictWallStreet is one of Nasdaq’s partners that provides intelligent data on retail-investor sentiment on U.S. equities and exchange-traded funds.

Franczyk said China-based investors are not only interested in Chinese companies listed in the U.S., like Alibaba Group Holdings Ltd. and Sina Corp., but also other non-Chinese household names such as Apple Inc.

“What we want to do here in the region is to expand the number of securities and ETFs they are trading, not only the big brands and the Chinese companies they are familiar with, but also the small-cap companies,” he said.

"Although the service only covers US-listed stocks at present, the exchange operator does not rule out covering Chinese A shares in the future," Franczyk said. "Nasdaq’s China team will continue to expand and seek out more cooperation with local fintech startups."

Contact reporter Aries Poon (ariespoon@caixin.com)

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