Quoreka, the energy and commodity trading risk management (E/CTRM) solutions provider, has announced the launch of the Quoreka Sentiment Index (QIndex), an AI-driven tool designed to measure real-time global sentiment for the commodity markets. The QIndex is powered by comprehensive news and data feeds supplied by Barchart, the market data and technology provider.
The index utilises artificial intelligence and large language models (LLMs) to analyse and quantify sentiment within daily news coverage, generating a score between 0 (negative) and 1 (positive). The system works by scanning global news, filtering articles for relevant information, classifying them by industry, and then applying sentiment analysis to calculate the average daily index value.
This process aims to translate complex global news flow into a straightforward daily metric. The QIndex is intended for use by traders, analysts, and risk managers to help them track shifts in market sentiment at a glance.
Subscribe to our newsletter
