Alternative Data News. 18, September 2019

The AltDataNewsletter by CloudQuant

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.


Quant Jobs No Longer Demand Finance Knowledge

The world is changing for quantitative researchers in finance. Not long ago, they actually needed to know something about financial services; these days, they just need to be… quants. So said Marcos Lopez de Prado, former head of machine learning at hedge fund AQR Capital Management and currently a professor of machine learning at Cornell University. Speaking at this week’s AI and Data Science in Trading Conference in London, Lopez de Prado said the nature of quantitative research in finance is changing as market participants stop employing their own quants and start crowdsourcing their quant research needs instead.

Under the “old paradigm,” investment managers each hired their own siloed teams of researchers with specific finance knowledge, Lopez de Prado said. However, these in-house teams were hard to staff; very few quants combined the “domain knowledge” and quant expertise necessary to tackle finance datasets. “Consequently, many complex investment opportunities were not arbitraged or exploited,” Lopez de Prado added, pointing out that only 0.65 percent of articles in key economic journals contain terms related to artificial intelligence. Faced with a dearth of finance quants, Lopez de Prado thinks that finance firms have innovated. Instead of hiring their own quant finance teams who understand the market, buy-side firms are increasingly inviting quants of all backgrounds to compete in tournaments aimed at deriving forecasts from large, seemingly generic datasets.

2019-09-17 00:00:00 Read the full story…
Weighted Interest Score: 6.0209, Raw Interest Score: 2.4170,
Positive Sentiment: 0.2330, Negative Sentiment 0.1456

CloudQuant Thoughts… They do not even need to be “Quants”. As long as you have a logical mind, a knack for manipulating data you can write trading algorithms. As we have made clear with our willingness to fund strategies written by anyone of any background from anywhere in the world. Yes you do need to know how to program (Python in our case), but that is not hard to learn in this day and age.

Glassdoor: 14 of the 25 highest-paying U.S. jobs for 2019 are in tech

Career website Glassdoor today released its 2019 report on the “Highest Paying Jobs in America.” Out of the top 25 U.S. jobs listed, 14 were in tech — one more than last year, and as always, more than in any other industry (health care was next in line, with six jobs).

Glassdoor’s list is ordered by average base salary. For a job title to be considered, it had to have received at least 100 salary reports shared by U.S.-based employees over the p…
2019-09-17 00:00:00 Read the full story…
Weighted Interest Score: 3.4752, Raw Interest Score: 2.6162,
Positive Sentiment: 0.1171, Negative Sentiment 0.0781

CloudQuant Thoughts… Not surprising to see Data Architect and Data Scientist in that list. The demand continues to outstrip supply in these skillsets.

Quantzig Adds New Services to Their Big Data Analytics Solutions Portfolio

“Quantzig, a leading analytics advisory firm, has announced the addition of new services to its big data analytics solutions portfolio. The comprehensive portfolio of big data analytics solutions is designed to help companies tackle the complexities associated with the staggering data volumes. The need to analyze data and extract meaningful information has prompted business leaders to leverage big data and deploy new business models to drive continuous process improvements. Our big data analytics experts understand that today’s growth-hungry enterprises need a highly proactive approach, which is why they’ve developed a comprehensive suite of big data analytics solutions that leverage cognitive technologies and algorithms to identify future trends and drive growth. Quantzig’s big data analytics solutions can help you break data silos and unearth valuable insights to act upon.”
2019-09-17 07:10:16+00:00 Read the full story…
Weighted Interest Score: 3.4137, Raw Interest Score: 1.6734,
Positive Sentiment: 0.2677, Negative Sentiment 0.3347

CloudQuant Thoughts… With access to powerful computing becoming ever-more ubiquitous and new data sets becoming available every week the question becomes not whether to buy but what to buy. How do you know the data is interesting, beneficial, timely. What is needed is a third party to analyse and advise… watch this space.

Schroders grows Systematic Investments unit

Schroders has strengthened its Systematic Investments team with the appointment of a Head of Quantamental Investments.

Antonia Lim joins from Barclays UK where she had been Global Head of Quantitative Research since 2012. She will report into Ashley Lester, Head of Schroders Systematic Investments (SSI).

This newly-created role will entail Antonia working in partnership with the firm’s Equities and SSI units to oversee the delivery of strategies which bring together the best in Schroders’ fundamental and quantitative investing to better meet clients’ objectives.
2019-09-10 00:00:00 Read the full story…
Weighted Interest Score: 5.8080, Raw Interest Score: 2.2983,
Positive Sentiment: 0.5159, Negative Sentiment 0.0469

SpiderRock Adds Implied Volatility Data to QuantHouse

QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part of Iress, today announced that SpiderRock Gateway Technologies has added their proprietary data & analytics service including implied volatility and option prints to the 150+ data sources available through QuantHouse’s API.

SpiderRock Gateway Technologies provides option analytics as a service delivered in a normalized binary format. As part of this offering, SpiderRock delivers implied volatility, greeks, risk slides, and volatility surfaces across US-listed equity and futures derivatives in a real-time feed that allows institutional clients to develop and enhance trading and risk management systems. QuantHouse decodes and normalizes market data from 150+ global sources, simplifying workflow across regions and asset classes by providing a single API for every upstream source while keeping exchange-specific fields to a minimum.
2019-09-17 13:49:04+00:00 Read the full story…
2019-09-18 02:41:42+10:00 Read the full story…
Weighted Interest Score: 5.3311, Raw Interest Score: 2.2907,
Positive Sentiment: 0.1666, Negative Sentiment 0.0416

Dow Makes It Eight Straight; Oil, VIX Fall

The Dow held on for its eighth straight win today, its longest winning streak since May 2018. The blue-chip index spent the entire day in the black thanks to news of China’s key tariff exemptions and upbeat U.S. retail sales data, but still remained a hair off its July 15 record close. While the S&P 500 and Nasdaq were unable to manage wins on the day — with the former snapping a three-day win streak — all three benchmarks did secure their third straight weekly win. Elsewhere, Wall Street’s “fear gauge,” the VIX, suffered its lowest close since late July.
2019-09-13 00:00:00 Read the full story…
Weighted Interest Score: 5.1967, Raw Interest Score: 1.9509,
Positive Sentiment: 0.2529, Negative Sentiment 0.4335

Bull Note Keeps Splunk Stock Rebound Alive

J.P. Morgan Securities upgraded Splunk Inc (NASDAQ:SPLK) to “overweight” from “neutral,” saying the data analytics software company’s $2 billion second-half bookings target may be a positive catalyst. The brokerage firm also said it expects “a long runway of growth given the company’s evolving use cases and expanding platform.”

In reaction, SPLK stock is up 2.6% to trade at $117.83, testing its 320-day moving average for the first time since a late-August bear gap had the shares breaching the trendline. This…
2019-09-17 00:00:00 Read the full story…
Weighted Interest Score: 5.0974, Raw Interest Score: 2.4628,
Positive Sentiment: 0.1145, Negative Sentiment 0.2291

Pure Makes Customers ‘AI-First’ Infrastructure a Reality

According to a recent press release, “Pure Storage, the fastest growing data storage company, today announced a host of new and improved AI solutions that provide enterprise customers with the features and functionality needed to execute increasingly complex AI initiatives through any phase or scale. Built on Pure’s industry-leading file and object system, FlashBladeTM, and its joint AI-Ready Infrastructure (AIRITM) offering with NVIDIA, customer…
2019-09-18 07:05:46+00:00 Read the full story…
Weighted Interest Score: 4.7735, Raw Interest Score: 1.8022,
Positive Sentiment: 0.3410, Negative Sentiment 0.0487

Data analytics company Splunk officially enters the venture capital game with $150 million Splunk Ventures and a dedicated Social Impact Fund

If you can’t beat them, fund them.

Splunk, a data analytics company based in San Francisco, has caught Silicon Valley’s fear of missing out, so on Wednesday the company announced its own $150 million corporate venture fund called Splunk Ventures.

Splunk Ventures will oversee two separate funds: the $100 million Innovation Fund will fund early-stage tech companies that could benefit from Splunk’s massive customer base and data stores. The fund’s first inv…
2019-09-18 00:00:00 Read the full story…
Weighted Interest Score: 4.0278, Raw Interest Score: 2.0833,
Positive Sentiment: 0.1736, Negative Sentiment 0.1389

Heartwood Investment Management launches four sustainable multi asset funds

Heartwood Investment Management (Heartwood), the asset management arm of Handelsbanken in the UK, has launched four sustainable multi asset funds designed to make sustainable investing accessible to everyone, regardless of portfolio size and risk tolerance, without compromising performance.

The funds – Defensive Sustainable, Cautious Sustainable, Balanced Sustainable, and Growth Sustainable will be actively managed with the same investment proce…
2019-09-17 00:00:00 Read the full story…
Weighted Interest Score: 3.8377, Raw Interest Score: 2.3907,
Positive Sentiment: 0.4718, Negative Sentiment 0.2202

ACI Worldwide: Real-time payments set to be a key driver of innovation in banking industry

Source: ACI Worldwide

Real-time payments are at the heart of the innovation agenda for the majority of banks worldwide.

96 percent of banks globally state that they will develop new and innovative services on top of their investment in real-time payments in 2019 and 2020, according to the Culture of Innovation Index by ACI Worldwide (NASDAQ: ACIW) and leading research consultancy Ovum.

The research also reveals that 92 percent of banks globa…
2019-09-18 11:13:00 Read the full story…
Weighted Interest Score: 3.8019, Raw Interest Score: 2.2546,
Positive Sentiment: 0.5305, Negative Sentiment 0.0442

2 ‘Supertanker’ Trends Reshaping the Future of Investing: BNY Mellon

Artificial intelligence and environmental issues, particularly climate change, are major trends reshaping the future of investing and are seen by many investors as risks to their asset allocations, according to the findings of a new research study by BNY Mellon Investment Management and Create-Research.

The report, “Future 2024: Future-Proofing Your Asset Allocation in the Age of Mega Trends,” examined how AI and climate change were perceived by investors globally, the investment issues and solutions they are giving rise to and the potential impact of the two “supertanker” trends on asset allocation approaches and the asset management industry.
Eighty-nine percent of the institutional investors with combined assets under management of about $12.75 trillion who took part in extensive and structured interviews as part of the study said they regarded the two trends as investment risks, according to BNY and Create-Research. Almost all of those investors (93%) viewed climate change as an investment risk that wasn’t yet priced in by all the key financial markets globally, while more than 85% saw AI as an investment risk that could potentially provoke societal backlash as well as geopolitical tension, the companies said.
2019-09-16 00:00:00 Read the full story…
Weighted Interest Score: 3.6264, Raw Interest Score: 2.0274,
Positive Sentiment: 0.2287, Negative Sentiment 0.2134

Data Strategy and Serverless Computing: How Do They Work Together?

Businesses need a strong Data Strategy to manage vast amounts of data, drive innovation, develop a data culture, and to maintain a competitive advantage. Though cloud environments offer fast, high-volume data collection and scalable storage space; machine learning-powered data preparation; AI-enabled analytics; data backup and recovery facilities — leaving the developers free to pursue coding.

Although cloud security is still a common concern, t…
2019-09-10 07:35:33+00:00 Read the full story…
Weighted Interest Score: 3.6230, Raw Interest Score: 2.0532,
Positive Sentiment: 0.2369, Negative Sentiment 0.1579

Technology, Gig Economy Present Opportunities for Advisors

Andrew Brzezinski of Fidelity Institutional. (Photo: Jeff Berman/ALM)

Artificial intelligence and other technology, along with the growing number of freelance workers participating in today’s gig economy, offer opportunities for advisors to better serve their clients and increase their sales, according to Fidelity Institutional executives.

AI stands to “transform” wealth management, Andrew Brzezinski, vice president at Fidelity Institutional, s…
2019-09-13 00:00:00 Read the full story…
Weighted Interest Score: 3.3518, Raw Interest Score: 1.6196,
Positive Sentiment: 0.3618, Negative Sentiment 0.1206

Frank Troise, Former ITG CEO, Joins Pico Board

Pico Appoints Former ITG CEO, Francis J. Troise,

to its Board of Directors

Role to support Pico as it accelerates and leads the next phase of transformation in capital markets technology services sector

NEW YORK, NY – September 17, 2019 – Pico , a leading provider of technology services for the financial markets community globally, today announced the appointment of Francis J. Troise to its Board of Directors supporting the firm’s growth and i…
2019-09-17 12:55:05+00:00 Read the full story…
Weighted Interest Score: 3.3356, Raw Interest Score: 1.8894,
Positive Sentiment: 0.5530, Negative Sentiment 0.0000

Stock Futures Up on China Trade Exemptions

rice action, with China’s Commerce Ministry saying earlier it will add pork and soybeans to a list of U.S. products exempt from additional tariffs. Wall Street is also digesting this morning’s retail sales data, which rose a more-than-expected 0.4% in August on robust auto sales. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are up, too, with stocks poised to close in on new record highs.

Continue reading for more on today’s market, including:

Caterpillar stock flashes warning signs .

. RH call traders won big on a pre-earnings rally.

on a pre-earnings rally. Plus, a bouncing drug st…
2019-09-13 00:00:00 Read the full story…
Weighted Interest Score: 3.2828, Raw Interest Score: 1.6762,
Positive Sentiment: 0.3163, Negative Sentiment 0.2846

Data Governance and Data Discovery: Enabling Data Regulation Implementation

Businesses are continuously striving to leverage data-driven insights or competitive intelligence, the concept of developing an organizational “data culture” will gain prominence. Data and data analytics will continue to play key roles in global businesses of the future.

According to the article Why Data Culture Matters: “Organizational culture can accelerate the application of analytics, amplify its power, and steer companies away from risky outcomes.” Data culture being an integral part of the organizational culture can “neither be imported nor imposed.” It has to develop organically within an…
2019-09-17 07:35:00+00:00 Read the full story…
Weighted Interest Score: 3.2321, Raw Interest Score: 1.8194,
Positive Sentiment: 0.1440, Negative Sentiment 0.4450

6 Venture Capital Firms That Are Betting Big On Cybersecurity In India

Amid all the rising cyber-attacks and threats, cybersecurity industry in India is witnessing a major growth. And it is not only in terms of existing companies but also in terms of new companies. But, starting a company is not an easy task, especially in domains like cybersecurity. So, from where do these startups get their muscle power? The answer to that is VCs a.k.a. Venture Capital firms. These firms are also considered to be a prime part of a…
2019-09-17 12:30:55+00:00 Read the full story…
Weighted Interest Score: 3.2243, Raw Interest Score: 1.8390,
Positive Sentiment: 0.0955, Negative Sentiment 0.0717

10 Great Python Resources for Aspiring Data Scientists

g data scientist new to Python, meant to provide both insight and practical instruction when starting on your journey.

By Matthew Mayo, KDnuggets.

Python is one of the most widely used languages in data science, and an incredibly popular general programming language on its own.

Many prospective data scientists are first faced with the issue of which programming language might be their choice when diving into data science. This is further complicated if you don’t already bring a set of existing programming skills on which to rely. Even better would be a thorough understanding of Python as you shift to d…
2019-09-10 00:00:00 Read the full story…
Weighted Interest Score: 3.1339, Raw Interest Score: 1.7733,
Positive Sentiment: 0.1742, Negative Sentiment 0.0950

Facebook’s VizSeq is a visual analysis toolkit for text generation

Data scientists typically rely on metrics to evaluate machine translation, text summarization, and image captioning machine learning algorithms. But problematically, the metrics in question don’t always align with the results of human assessments. That’s why researchers at Facebook AI Research and Stanford propose VizSeq, which they describe as a visual analysis toolkit for instance- and corpus-level testing on a range of text generation tasks.


2019-09-18 00:00:00 Read the full story…
Weighted Interest Score: 3.0346, Raw Interest Score: 1.6426,
Positive Sentiment: 0.1982, Negative Sentiment 0.1416

These are the top 5 UK financial institutions ranked by the mobile banking features consumers value most

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. This report is exclusively available to enterprise subscribers. To learn more about getting access to this report, email Head of Enterprise Subscription Sales at croth@businessinsider.com, or check to see if your company already has access.

Business Insider Intelligence The UK’s top banks are going to new lengths to make their …
2019-09-13 00:00:00 Read the full story…
Weighted Interest Score: 2.9436, Raw Interest Score: 2.0742,
Positive Sentiment: 0.1910, Negative Sentiment 0.0819

MachineHack Winners: How These Data Science Enthusiasts Solved The ‘Predict The News Category Hackathon’ Hackathon

MachineHack wrapped up its 16th edition by announcing the winners for Predict The News Category Hackathon.

Saurabh Kumar, Chetan Ambi and Mohammed Abdul Qavi won the first, second and third places respectively on the hackathon leaderboard. Analytics India Magazine introduces you to the winners and their approach to the solution.

#1: Saurabh Kumar

A skilled and experienced Data Scientist in a reputed firm, Kumar has shown his expertise multiple…
2019-09-17 07:00:06+00:00 Read the full story…
Weighted Interest Score: 2.8541, Raw Interest Score: 1.5578,
Positive Sentiment: 0.4386, Negative Sentiment 0.1815

Introducing Our Newest Corporate Sponsorship Prospectus

f our vision statement encapsulates the role we consider NumFOCUS to play in scientific innovation and discovery. For the past seven years, NumFOCUS has provided invaluable support to the open source data science projects whose tools underlie countless technology products, academic research projects, government services, and non-profit initiatives. The open source software developed and maintained by NumFOCUS-supported projects has become more and more foundational to our digital modern world.

In working to provide our projects with world-class financial, administrative, and strategic support, NumFOCUS d…
2019-09-16 17:14:43+00:00 Read the full story…
Weighted Interest Score: 2.5876, Raw Interest Score: 1.5025,
Positive Sentiment: 0.4174, Negative Sentiment 0.0000

Adobe: Take Advantage of Bearishness to Buy a High-Quality Stock Cheaper

On earnings day, Adobe (ADBE – Get Report) failed to impress investors once again. The stock pulled back by as much as 4% in after-hours trading Tuesday, briefly returning to early October 2018 levels of less than $275 per share. But arguably, not much about the fiscal third quarter financial results disclosed after the closing bell seemed worrisome enough to justify the bearish reaction.

Quarter Was Stronger Than Expected

In every major segmen…
2019-09-17 19:55:04-04:00 Read the full story…
Weighted Interest Score: 2.5808, Raw Interest Score: 1.3823,
Positive Sentiment: 0.3267, Negative Sentiment 0.1508

Automated and Manageable Pipelines: Key Components of a Data Science Factory

Data science can be a messy endeavor, with the constant influx of raw data from countless sources pumping through ever-evolving pipelines attempting to satisfy shifting expectations. To harness all of this chaotic potential, businesses strive to create data science factories that streamline the process while reducing inefficiencies; however, data isn’t going to wait for companies to catch up. Producing a high…
2019-09-17 18:33:20.053000+00:00 Read the full story…
Weighted Interest Score: 2.5749, Raw Interest Score: 1.5781,
Positive Sentiment: 0.2500, Negative Sentiment 0.2500

Analyzing data from space – the ultimate intelligent edge scenario

Space represents the next frontier for cloud computing, and Microsoft’s unique approach to partnerships with pioneering companies in the space industry means together we can build platforms and tools that foster significant leaps forward, helping us gain deeper insights from the data gleaned from space.

One of the primary challenges for this industry is the sheer amount of data available from satellites and the infrastructure required to bring t…
2019-09-17 00:00:00 Read the full story…
Weighted Interest Score: 2.5745, Raw Interest Score: 1.3182,
Positive Sentiment: 0.2028, Negative Sentiment 0.2028

Climate related risk management is now a ‘must-have’

ess development of the Abu Dhabi Global Market Steve Barnett opened sessions with a focus on sustainability in emerging markets and explored how education is a core pillar when ensuring commitment to environmental, social, and governance (ESG) initiatives.

While the financial services industry is at the centre of gaining momentum and fostering innovation in this space, there is a significant amount that banks can enforce to sustain the planet for future generations. Barnett adds that fintech also plays a big part in the ESG agenda.

Using the MENA region as an example following recent drone attacks on the Saudi oil processing …
2019-09-17 16:45:00 Read the full story…
Weighted Interest Score: 2.4787, Raw Interest Score: 1.2853,
Positive Sentiment: 0.1629, Negative Sentiment 0.2534

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, pay…
2019-09-17 14:03:00 Read the full story…
Weighted Interest Score: 2.3904, Raw Interest Score: 1.3251,
Positive Sentiment: 0.3886, Negative Sentiment 0.0897


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