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November 11, 2013

Robot poised to ring Nasdaq bell

It will be the first non-human to be given the honour.

By Cbr Rolling Blog

Investors with a penchant for Sci-Fi were given a real treat recently when Patrick Stewart AKA Captain Picard/Prof Xavier rang the New York Stock Exchange opening bell to mark the launch of the Twitter IPO.

We’re about to take this to a whole new level of tech geekery, though, as tomorrow (November 12), for the first time ever, a non-human will ring the Nasdaq closing bell.

Marking the launch of ROBO-STOX, a new robotics stock index ROBO-STOX, a Universal Robots’ UR5 robot arm with an integrated three fingered gripper, will have the privilege of bringing the Nasdaq to a close.

Speaking ahead of the event, Frank Tobe, co-founder of ROBO-STOX, commented: "We didn’t want to showcase robots that are only used in research labs. We wanted to show viable robotics technology, well-positioned for a future IPO, that is selling and being implemented in a wide range of industries today."

The ROBO-STOX is the first index to benchmark the value of robotics, automation and related technologies.

Some notable humans to have given the Nasdaq bell a dingaling in recent years include American Idols finalist Jordin Sparks, actress Julianne Moore, Miss USA Rachel Smith, boxing champ Floyd Mayweather, Amazon CEO Jeff Bezos, tennis ace/model Anna Kournikova and the cast of the Little Shop of Horrors.

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