Bloomberg launches market forecasting application powered by artificial intelligence Bloomberg L.P.

New price forecasting application combines Alpaca's technology with Bloomberg's real-time market data Tokyo – Bloomberg today announced the launch of a new price forecasting application for investment professionals powered by artificial intelligence (AI). The "Alpaca Forecast AI Prediction Matrix" is an application (app) that provides short-term market price forecasts for major markets such as USD/JPY, EUR/USD, AUD/JPY, CME Nikkei 225 Futures Index and US 10-year treasury bonds, using Bloomberg's Market Data Feed (B-PIPE). Developed jointly with AlpacaJapan, a startup that specializes in AI solutions for financial trading, the app uses a cutting-edge deep learning engine to analyse tick data at a speed and volume beyond the ability of the human eye. AlpacaJapan's AI technology recognizes patterns in the waves of price movements instantly, making market predictions possible. Kuni Ishibashi, Bloomberg's head of Japan said, "We are thrilled to introduce this new app as it embodies our mission to fuel innovation in the financial market place. By bringing Bloomberg's real time market data and AlpacaJapan's specialized technology together, we have developed a leading-edge forecasting tool which can help financial professionals make better investment decisions and improve trade workflow efficiency."