BNP Paribas AM Combines NLP, ML for Sentiment Indicators in News Data

The asset manager is teaming with a vendor on the project, which will first be used for equities trading before moving to corporate bonds.

BNP Paribas Asset Management plans to go live this year with an NLP-based model that finds sentiment indicators in news reports to forecast company returns.

“We are not yet big users of text and NLP, but this is an area we have been developing recently, and where we expect to deploy some models,” says Raul Leote de Carvalho, deputy head of BNP Paribas Asset Management’s Quantitative Research Group.

The NLP-based sentiment indicators “should go into production very soon,” he adds.

The model

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