Traders using Bloomberg terminals will now be able to analyze market sentiment based on Twitter activity. The move puts Bloomberg in step with Thomson Reuters, which added Twitter-based market sentiment analysis to its terminals last month.
Will equity research analysts evolve into data scientists, applying big data analytical tools to model markets and stocks? According to an article on Tabb Forum, they will if they have good survival skills.
Big data has been the rage for years now but it tends to have the reputation for being more of a middle or back office type of technology. The idea that massive amounts of data crunching can yield new business insights is appealing. The image that comes to mind is that these insights are uncovered by powerful computers conducting computationally intensive analysis in remote data centers.
A select group of asset managers and research teams is reportedly trying out a new kind of research assistant. "Warren," a new virtual intelligent market-research assistant from Kensho, can answer 1 million questions about the impact of global events on asset prices.
Call it big data or call it predictive analytics, but a Richmond, Va.-based mergers and acquisitions firm is gathering all the data it can to assess whether a deal will go through. The firm, Harris...
Most of us remember IBM Watson for its savvy chess strategy. Singapore DBS Bank has determined that Watson's cognitive computing skills have banking applications as well. Initially, DBS will...
The fund industry's back office has always been a cost center, but at least one company is predicting 2014 is the year that starts to change. "Savvy fund administrators will realize they sit...
There may be no better image of Wall Street's hunger for data – and Wall Street's largesse – than surveillance pictures taken by helicopter and satellite for the purpose delivering traders advanced trading information.
MasterCard's big data division will use the massive data it collects on purchasing behavior to create a global restaurant reviews Web site for travelers.
Credit Suisse is preparing to launch an online financial marketplace where banks will be able to buy and sell source code and financial technology. The marketplace, to be called eCo Financial Technology, is reportedly aimed at helping financial firms monetize their IT development and contain spiraling financial technology costs.