Industry News

Industry News

Alt Data Moves Beyond Front Office, Nasdaq promotes Bill Dague to head of alt data, $DB sees issues with AI and GDPR, $BT’s FINTECH data sharing, US SEC N-PORT and N-CEN resulting in [Data First] architectures…

Alternative Data. 21, June 2018

Finding sources and uses for alternative data can be difficult. At CloudQuant we regularly read and search the internet for new sources of data that can be used in our mission to find alpha signals and build quantitative trading strategies. We recognize that we are technology and data junkies so we wrote our own crawler that specifically seeks out web pages, posts, and news articles that give us a snapshot of what is going on in the world of Alt Data. The following is a collection of articles that we think you will find interesting from the past week.

Alt Data Moves Beyond Front Office

Alternative data is commonly perceived as the grist of trading desks, where real-time information on breaking events gives a leg up to quick-profit trades.
But more areas of the enterprise are leveraging Twitter and other social-media feeds that have emerged as the de facto modern-day newswire. The functions within the corporation may be different, but the underlying value proposition is the same — to benefit fr…
2018-06-13 17:32:02-04:00 Read the full story.

TRADING UP: Nasdaq Promotes Dague; Masoudi to JPM

Nasdaq has promoted Bill Dague to head of alternative data for its Global Information Services business, including responsibility for the exchange’s Analytics Hub of third-party and alternative datasets. Dague has spent four years at Nasdaq, most recently as director of data science, having also served as a senior data scientist and a software engineer since joining the exchange as a software engineer intern in 2014. Before Nasdaq, Dague was a junior pro…
2018-06-18 09:37:05-04:00 Read the full story.
stock exchange evolution panel

Deutsche Bank’s analyst warns about GDPR posing risks to AI development in Europe

As the development of AI systems based on machine learning heavily relies on access to vast datasets, GDPR may restrict this access and hamper the development of AI in Europe, says Deutsche Bank’s Kevin Koerner.
Less than a month after GDPR – the new data protection regulation, came into force across the European Union (EU), the effects for the business and the general public start to become clearer. The chorus of concerns about the potentially negative consequences of the implementation is gr…
2018-06-14 09:13:18+03:00 Read the full story.

BT Works With Fintech For Data Sharing Services

BT announced the availability of ipushpull’s live data sharing and collaboration services to members of the BT Radianz Cloud, one of the world’s largest, secure networked financial communities.
ipushpull, a London-based fintech, provides financial markets firms with secure cloud-based data and document sharing services to help speed up decision making, boost productivity and improve efficiency. Its platform allows real-time data to be securely a…
2018-06-20 05:09:22-04:00 Read the full story.

Back Offices Migrate to ‘Data First’ Architecture

Some asset managers are finding the silver lining in the U.S. Securities and Exchange Commission’s N-PORT and N-CEN reporting regimes, according to industry insiders.
“When you think of what it takes to create a filing for a regulator and what it takes to create a filing or a report for an investor, there is not that much difference between them besides form, look and feel, and output,” Todd Moyer, COO of Confluence, told Markets Media. “A lot o…
2018-06-11 16:48:55-04:00 Read the full story.

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