SMBC Nikko Develops Stock Prediction 30 Minutes in Advance

Economy Science Technology

Tokyo, Oct. 31 (Jiji Press)--SMBC Nikko Securities Inc. said Thursday it has developed an artificial intelligence-driven system that can predict stock prices 30 minutes in advance.

With the system, investors will be able to trade stocks more competitively and cut transaction costs, according to the company.

SMBC Nikko will first use the system in proprietary trading, or investing its own money, to test the performance.

In the following year at the earliest, the system will start helping institutional investors that place a large number of orders.

Jointly developed with AI-related venture Net Smile Inc., the system uses the stock data of over 2,000 companies listed on the first section of the Tokyo Stock Exchange. It analyzes opening prices and price fluctuations in the past nine years to predict prices 30 minutes in advance each minute.

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Jiji Press