The Level01 team aims for artificial intelligence that is intelligent and relevant even in 50’ years time and FairSense is ensconced in all the winning elements: a tech ideal coming true, solid research and testing, transparency, speed, accuracy on a level that’s never been achieved before and a team that continually seeks improvement.
“We’d always take the long view. With patience, we can prove and establish a model and platform that will inspire other investment platforms to emulate” says Donatas Vadopalas, Level01’s Quantitative Analyst.
Level01 recognizes artificial intelligence’s power to unlock an even larger economic value that could reach the quadrillion-dollar mark by bringing honest, truthful simplicity into the complex and swindle-ridden world of derivatives trading.Aptly named FairSense, Level01’s revolutionary artificial intelligence works to overcome discrepancies by providing valuation analytics using standard and widely accepted approaches to modeling a derivative instrument, prices of other similar traded instruments in financial markets, data feeds from reliable inter-bank dealers, electronic exchanges and retail brokers and market quotes with quantitative modeling.“We used the Black-Scholes model as an example, it is a standard market convention for pricing and quoting of vanilla derivatives” says Vadopalas. “In that model, the key inputs to the pricing models are the current price of the underlying asset (e.g. spot EUR/USD price), volatility of the underlying asset and relative funding rates (or underlying forward prices). Then, we incorporated this along with Real Time Volatility Modeling to build Level01’s Quantitative Modeling as part of the FairSense artificial intelligence” he explains.
Sounds interesting?
Check out even more details & explanation, HERE.
