Alternative Data News. 16, October 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.


CME To Offer Real-Time Market Data Via Google Cloud

CME Group, one of the world’s leading and most diverse derivatives marketplaces, today announced it will become the first derivatives marketplace to offer real-time futures and options market data on Google Cloud Platform (GCP), starting Nov. 17, 2019. The collaboration will allow market participants to access CME Group’s valuable market data through the cloud from anywhere in the world with an internet connection through Google Cloud’s global network.

“Our clients around the world increasingly are looking for quality real-time data within the cloud,” said Trey Berre, CME Group Global Head of Data Services. “This innovative collaboration with Google Cloud will not only make it easier for our clients to access the data they need from anywhere with an internet connection, but will also make it easier than ever to integrate our market data into new cloud-based technologies.”
2019-10-15 08:43:06+00:00 Read the full story…
Weighted Interest Score: 6.5127, Raw Interest Score: 3.0195,
Positive Sentiment: 0.5329, Negative Sentiment 0.0000

CloudQuant Thoughts… For true democratic trading, fast high quality exchange data should not just be easy to access, it should be free. How you use that data and what other data you choose to add to it (Alternative Data) is the value add.

QuantHouse brings critical Historical Data on-Demand capabilities to global algo trading community

QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products, has launched Historical Data on-Demand which is designed to dramatically speed up the research, development and backtesting phase of any trading strategy.

The research, development and backtesting phase is a critical but historically lengthy and onerous process. Market participants must identify data sources, align formats and code to those data sources, allocate storage capacity to download the necessary files and ultimately incorporate into their trading models to assess the viability of their trading strategy. By this time the market has often moved on and the backtesting cycle needs to be repeated.

2019-10-16 00:00:00 Read the full story (AlphaQ)…
2019-10-16 08:55:27+00:00 Read the full story (MarketsMedia)…
Weighted Interest Score: 6.1009, Raw Interest Score: 2.3582,
Positive Sentiment: 0.1709, Negative Sentiment 0.1367

CloudQuant Thoughts… Providing High Quality Historical Market Data is a surprisingly difficult thing to achieve. At CloudQuant we focus on US Equities, and Alternative Data sets for that market. Having long term multi market data is interesting but going back just to the early 2000’s in the US, the president was Geroge HW Bush and there were no iPhones. As radically as daily life has changed for most Americans, how we trade the stock market has changed a thousand times more. Extremely high speed trading coupled with Alternative Data from sources we could not even have imagined 5 years ago have completely changed the game.

CME Launches ESG Product With Similar Return Profile to the S&P 500 Index

The world’s leading and most diverse derivatives marketplace is set to launch E-mini S&P 500 ESG Product Index futures, to be made available for trading on Nov. 18, 2019, pending regulatory review. These index futures are a new risk management tool that aligns with environmental, social and governance (ESG) values.

Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, said: “A growing number of institutional investors and asset managers have incorporated sustainable investing objectives into their strategies. Our new futures contracts will allow market participants to gain price exposure to an index that closely tracks the performance of the S&P 500, while adhering to ESG principles. This is another example of how CME Group is not only meeting the changing risk management needs of our customers in an evolving global marketplace, but also offering choices that allow for the alignment of investment decisions with personal or institutional values.”

2019-10-15 11:59:58+10:00 Read the full story…
Weighted Interest Score: 5.1698, Raw Interest Score: 2.7903,
Positive Sentiment: 0.1885, Negative Sentiment 0.0000

CloudQuant Thoughts… ESG (Environment, Society, Governance) one of the hottest sources of Alternative Data at the moment. At CloudQuant we have been working with GS&Q, measuring the efficacy of their data in a series of investment strategy simulations on our public high-resolution backtesting platform, Mariner. Check out our Data Catalog for more information.

6 Sectors Seen Leading 3Q Earnings Declines in Warning to Market

The reporting season for 3Q corporate profits will get underway soon, and stock analysts are painting a gloomy picture, calling for aggregate S&P 500 earnings to be down by more than 4% versus the same period in 2018, based on data compiled by S&P Capital, according to CFRA. This would represent the largest year-over-year (YOY) decline since 2016, one reason that the S&P 500 is down by 0.8% so far in October, for its worst start to a calendar quarter in more than three years. Moreover, the index has registered a paltry 1.74% gain over the past 12 months.

“If I had to tattoo something on my arm, it would be ‘stocks chase earnings,’” Mike Bailey, director of research at FBB Capital Partners, told the The Wall Street Journal about the impact of corporate earnings on equity prices. “We’re a little more cautious than we were even a couple weeks ago.”
2019-10-07 17:40:14.387000+00:00 Read the full story…
Weighted Interest Score: 5.8336, Raw Interest Score: 2.2554,
Positive Sentiment: 0.2322, Negative Sentiment 0.4975

Novel Database is Better at Measuring and Predicting Core Earnings and Stock Prices • Integrity Research

A recently published study by three Harvard Business School and MIT Sloan professors based on a novel database provided by New Constructs shows that (a) markets do not efficiently assess core earnings, (b) there is significant growth in disclosure of material unusual items, and (c) incorporating these material, but hard-to-find unusual items enables analysts to measure and predict companies’ core earnings – a key measure of a firm’s current and f…
2019-10-14 02:30:13+00:00 Read the full story…
Weighted Interest Score: 4.1187, Raw Interest Score: 1.5167,
Positive Sentiment: 0.1618, Negative Sentiment 0.2629

2 Retail Stocks to Bet Against Now

While earnings season kicks off this week, there’s also retail sales data due out tomorrow, putting Abercrombie & Fitch Co. (NYSE:ANF) and Macy’s Inc (NYSE:M) in the cross-hairs. The two retail stocks have made outsized moves in the past week, and both ANF and M now running up to trendlines with historically bearish implications.

Looking at ANF first, the security is now within one standard deviation of its 40-day moving average after a lengthy stretch below the trend…
2019-10-15 00:00:00 Read the full story…
Weighted Interest Score: 4.0943, Raw Interest Score: 1.8856,
Positive Sentiment: 0.0618, Negative Sentiment 0.1855

Databricks brings its Delta Lake project to the Linux Foundation

Databricks, the big data analytics service founded by the original developers of Apache Spark, today announced that it is bringing its Delta Lake open-source project for building data lakes to the Linux Foundation and under an open governance model. The company announced the launch of Delta Lake earlier this year and even though it’s still a relatively new project, it has already been adopted by many organizations and has found ba…
2019-10-16 08:26:13+00:00 Read the full story…
Weighted Interest Score: 3.9062, Raw Interest Score: 1.7578,
Positive Sentiment: 0.0000, Negative Sentiment 0.0000

Fear of AI? How Skill-based Certifications Can Brace Up the Next Gen IT Professionals

Fear of AI? How Skill-based Certifications Can Brace Up the Next Gen IT Professionals Albert Christopher Follow Oct 16 · 4 min read

In 2022, one in five workers will have AI as their coworker, says a Gartner report. We’re living in an upending work of artificial intelligence. Multiple organizations start using intelligent technologies in their product development. People with skill redundancy may soon find themselves in unchartered waters.

Ever…
2019-10-16 10:36:38.482000+00:00 Read the full story…
Weighted Interest Score: 3.8998, Raw Interest Score: 1.5583,
Positive Sentiment: 0.3045, Negative Sentiment 0.1970

Data Science for Executives

Data science is a rapidly spreading field that combines statistical analysis, data management, computation, and substantive expertise, with the goal of improving decision-making in business, government, administration, law, and just about every other field.

One of the key challenges for decision-makers and managers is to understand what makes for good data science, and how the evidence from this field should…
2019-11-04 00:00:00 Read the full story…
Weighted Interest Score: 3.8319, Raw Interest Score: 2.1014,
Positive Sentiment: 0.3708, Negative Sentiment 0.2472

Big Data Skill sets that Software Developers will Need in 2020

From the tech industry to retail and finance, big data is encompassing the world as we know it. More organizations rely on big data to help with decision making and to analyze and explore future trends. For current and future software development companies that want to be knowledgeable about using data and analysis, a few big data skillsets will help give them leverage in the coming year. Whether they want a career as an app developer or data ana…
2019-10-14 17:07:51+00:00 Read the full story…
Weighted Interest Score: 3.7954, Raw Interest Score: 2.6426,
Positive Sentiment: 0.2782, Negative Sentiment 0.0695

How To Become A Data Scientist For Free: Learning Resources

cess of any organisations in this current data-driven world, where there is still a colossal amount of data to be analysed. Today, every company strives to acquire professionals who are proficient in data science. However, becoming a data scientist comes with its fair share of challenges.

Difficulties In The Path To Becoming A Data Scientist

Firstly, there are very few colleges that offer data science course, thus there is a huge demand and supply gap in the current market. Secondly, the course fee is too high, thereby making it unaffordable to many aspirants.

Data science aspirants are opting for paid…
2019-10-16 12:30:14+00:00 Read the full story…
Weighted Interest Score: 3.7611, Raw Interest Score: 1.9504,
Positive Sentiment: 0.2660, Negative Sentiment 0.0443

SkyView Launches Marketplace to Buy, Sell Advisory Practices: Portfolio Products

(Photo: Shutterstock)

SkyView Partners launched the Advisory Practice Board of Exchange, a subscription-free turnkey solution for buying and selling wealth management practices.

The new online marketplace has several features designed to attract prospective buyers, including clear seller search results, site participation anonymity maintained by only allowing verified sellers to view buyer profiles, and a platform to compete for seller listings…
2019-10-14 00:00:00 Read the full story…
Weighted Interest Score: 3.5453, Raw Interest Score: 1.9333,
Positive Sentiment: 0.2843, Negative Sentiment 0.0853

Artificial Intelligence Can Help Us Fight Climate Change. But It Has An Energy Problem, Too

AI is changing the way we work, live and solve challenges. It can improve healthcare, protect elephants from poachers, and work out how broadband should be distributed.

But it could be most valuable as a range of applications helping humanity fight our biggest threat – climate change. AI can strengthen climate predictions, enable smarter decision-making for decarbonising industries from building to transport, and work out how to allocate renewab…
2019-10-13 00:00:00 Read the full story…
Weighted Interest Score: 3.4697, Raw Interest Score: 1.3577,
Positive Sentiment: 0.3114, Negative Sentiment 0.2491

Digital Freight: The Race to Automate Truck Brokerage

In the race to digitize the truck brokerage market, will the winner be an incumbent or a challenger?

The upside is enormous. Trucking is a $734 billion market. Truckload and less-than-truckload revenue constitute close to $400 billion. If 20% of that market is outsourced, then truck brokerage spending totals $80 billion. This large, fragmented market is the reason why many call truck brokerage “the next frontier of automation.”

The incumbents a…
2019-10-15 00:00:00 Read the full story…
Weighted Interest Score: 3.4318, Raw Interest Score: 1.6098,
Positive Sentiment: 0.3184, Negative Sentiment 0.1061

Research Unbundling A ‘Win-Win’ For Best Execution

Rebecca Healey, global head of market structure at institutional liquidity pool Liquidnet, said research unbundling in the European Union has led to a changing role for execution as part of the investment process.

In a report, Unbundling: What’s the Verdict?, Healey said that fund mangers paying for research from their revenues has allowed them to select the best providers for research and execution services respectively.

“It is also leading to…
2019-10-07 15:42:14+00:00 Read the full story…
Weighted Interest Score: 3.4167, Raw Interest Score: 1.5695,
Positive Sentiment: 0.2184, Negative Sentiment 0.1774

Advice For Recruiting And Retaining Data And Analytics Expertise

We’ve seen the promise of what enhanced data, analytics, and AI capabilities can do for businesses, but firms are struggling to truly maximize their impact. Data and analytics leaders want to shift into high gear, but many factors are holding them back. One of the key issues that everyone is facing is finding and developing the human skills needed to transform into an insights-driven business. Data and analytics expertise of all kinds — from data…
2019-10-10 16:42:39-04:00 Read the full story…
Weighted Interest Score: 3.3775, Raw Interest Score: 1.5894,
Positive Sentiment: 0.1325, Negative Sentiment 0.1987

A Look Inside UBS’s Quantitative Evidence & Data Science Team

Bryan Cross grew up about an hour northwest of Chicago in the suburban town of Barrington, Illinois. His father would sometimes bring home six copies of that day’s New York Times crossword puzzle—one each for Bryan, his mom, dad, and three siblings: Will, Molly, and Anne—and it would be a race to see who could finish the fastest.

To this day, Cross still has a love for crosswords, but the experience also helped to inform his thinking for what wo…
2019-10-09 14:53:39+01:00 Read the full story…
Weighted Interest Score: 3.3763, Raw Interest Score: 1.4582,
Positive Sentiment: 0.1792, Negative Sentiment 0.1543

More large-scale investors are skittish about an ESG strategy at the expense of returns: survey

ns.

That is according to the Royal Bank of Canada RY, +0.53% Global Asset Management’s fourth annual survey on responsible investing, which found that 18% of institutional investors globally said an environmental, social and governance strategy will perform worse, up from 10% last year. Another 24% of investors said they were unsure if ESG could help them avoid risk in their portfolios, marking an increase from 18%.

Still, the vast majority of institutional investors have welcomed ESG as a boon for financial performance as a growing body of research shows that companies focused on sustainability have seen their financial perfo…
2019-10-15 00:00:00 Read the full story…
Weighted Interest Score: 3.2243, Raw Interest Score: 1.9752,
Positive Sentiment: 0.2756, Negative Sentiment 0.2297

Diyotta and ThoughtSpot Merge to Provide Faster Services

A recent press release staid that “Diyotta, Inc., an enterprise-class, serverless data integration platform for modern data environments, recently announced a strategic partnership with ThoughtSpot, a leader in search and AI-driven analytics for the enterprise. By integrating Diyotta with ThoughtSpot’s search and AI-driven analytics platform, enterprises can ingest massive volumes of data from diverse sources into their ThoughtSpot analytics envi…
2019-10-15 07:10:27+00:00 Read the full story…
Weighted Interest Score: 3.2027, Raw Interest Score: 1.6013,
Positive Sentiment: 0.1657, Negative Sentiment 0.1104

Trends in data science with O’Reilly Media’s Chief Data Scientist

Editor’s note: This is the ninth episode of the Towards Data Science podcast’s “Climbing the Data Science Ladder” series, hosted by Jeremie Harris, Edouard Harris and Russell Pollari. Together, they run a data science mentorship startup called SharpestMinds. You can listen to the podcast below:

When I started grad school, data science was only just becoming a thing. At the time, a couple of jupyter notebook projects with pandas and sklearn were all you needed to …
2019-10-15 19:49:37.117000+00:00 Read the full story…
Weighted Interest Score: 3.0818, Raw Interest Score: 1.7278,
Positive Sentiment: 0.1329, Negative Sentiment 0.0797

Mapping’s Third Wave: Unlocking The Physical Future Of Business

We’ve just finished a report on the next wave of innovation in what we call the mapping industry. Here’s the blurb and a video introducing the ideas. Please let me know if you’d like to talk about the potential for developers in every company to build unique applications for the physical future.

Forrester clients can read the report here.

Any digital leader or developer who wants to build an application for the physical world — IoT, self-drivin…
2019-10-08 13:04:08-04:00 Read the full story…
Weighted Interest Score: 2.8478, Raw Interest Score: 1.7525,
Positive Sentiment: 0.2191, Negative Sentiment 0.1095

Cognitive Credit Brings Machine Learning To Analysis

Cognitive Credit has been launched to improve the efficiency of credit analysis through using machine learning to analyse data.

Robert Slater, chief executive and founder of Cognitive Credit, told Markets Media that he has worked in credit markets for 15 years including more than a decade at Citi and on the buy side.

Slater said that a huge challenge facing credit markets is that analysts are inundated with information. The corporate credit mar…
2019-10-10 15:55:29+00:00 Read the full story…
Weighted Interest Score: 2.7851, Raw Interest Score: 1.5561,
Positive Sentiment: 0.4698, Negative Sentiment 0.0881

The Insights Beat: The Best Of Times As A Data And Analytics Leader

Our team is busy gearing up for the Data Strategy & Insights 2019 Forum in about three weeks. My co-RD Gene Leganza and I are having some great speaker prep conversations, and we’ve been lucky to get a sneak peek into how these industry speakers are making an impact in their organizations by leading the charge to use data, analytics, and AI to improve customer experience, increase operational efficiencies, and create new products and services. I …
2019-10-11 12:01:55-04:00 Read the full story…
Weighted Interest Score: 2.6914, Raw Interest Score: 1.1759,
Positive Sentiment: 0.3397, Negative Sentiment 0.0523

2 Sinking Stocks Getting Blasted By Options Traders

The stock market is trading modestly lower this afternoon, as traders digest the latest U.S.-China trade news. Among individual names making notable moves are data analytics specialist Datadog Inc (NASDAQ:DDOG), e-commerce concern Pitney Bowes Inc. (NYSE:PBI), and teledentistry firm SmileDirectClub Inc (NASDAQ:SDC). Here’s a quick roundup of what’s moving the shares of DDOG, PBI, and SDC.

Datadog Drops on Mixed Analyst Attention

Datadog stock opened for its trading debut on Sept. 19 at $40.35 per share, well above its initial public offering (IPO) price of $27 per …
2019-10-14 00:00:00 Read the full story…
Weighted Interest Score: 2.3185, Raw Interest Score: 1.2109,
Positive Sentiment: 0.0336, Negative Sentiment 0.2018

7 Powerful Open Source Tools For Data Projects

Regardless of if you’re a data science professional or an IT department who wants to help your company have more successful data science projects, it’s essential to have some data science tools under your belt to avail of when needed.

Here are some open-source options to consider.

Ludwig is a tool that allows people to build data-based deep learning models to make predictions. You don’t even need coding knowledge to get started with…
2019-10-14 09:30:12+00:00 Read the full story…
Weighted Interest Score: 2.2966, Raw Interest Score: 1.2627,
Positive Sentiment: 0.1457, Negative Sentiment 0.1781

Ford Motor Stock Could Hit 10-Year Low

Ford Motor Company (F) reported a 4.9% drop in third quarter comparative sales earlier this month, adding to a string of bearish metrics that have dropped shares of America’s oldest auto manufacturer into a test of December 2018’s nine-year low at $7.41. Continued strength in pick-up truck sales failed to offset weakness in other categories, while overseas growth has taken a major hit as a result of rising tariffs and deteriorating sentiment for …
2019-10-14 14:14:42.604000+00:00 Read the full story…
Weighted Interest Score: 2.1371, Raw Interest Score: 1.1166,
Positive Sentiment: 0.1039, Negative Sentiment 0.8310

Luis de Guindos: Gabriel Zucman’s contribution to research on wealth inequality and the redistributive effects on globalization

It is a pleasure for me to celebrate with you the award of the 2019 Bernácer Prize to Gabriel Zucman, Assistant Professor of Economics at the University of California, Berkeley. Gabriel’s creative work on measuring household wealth over time and across countries and his studies on the effects of taxation and globalisation on the accumulation of wealth have become increasingly influential among academic economists and policymakers. He is a deserve…
2019-10-15 19:50:44+10:00 Read the full story…
Weighted Interest Score: 2.1097, Raw Interest Score: 1.3124,
Positive Sentiment: 0.2208, Negative Sentiment 0.2698

ESG exclusions no barrier to healthy returns, says MSIM’s Bruno Paulson

Morgan Stanley’s Global Sustain shows that even with a wide array of exclusions, an ESG fund can generate decent returns. Jan Wagner asks Global Sustain’s manager Bruno Paulson (pictured) how he achieved this and how the sustainable investment process at Morgan Stanley Investment Management works…

It’s generally assumed in asset management that if you limit your options, you could wind up sacrificing return. This makes intuitive sense and is why…
2019-10-11 10:42:00+01:00 Read the full story…
Weighted Interest Score: 2.0785, Raw Interest Score: 1.5012,
Positive Sentiment: 0.1155, Negative Sentiment 0.1155

It’s Time to Productionize Data Science

To make Data Science part of business value creation, business users have to be part of the Data Science lifecycle. They need to be able to go back to Data Science teams and provide feedback so that the Data Science process reflects their requirements — and quickly. Models may need to be updated or functionalities automated, for instance.

What businesses need is Data Science productionization. That’s the merger of c…
2019-10-10 07:35:51+00:00 Read the full story…
Weighted Interest Score: 2.0778, Raw Interest Score: 1.2836,
Positive Sentiment: 0.1918, Negative Sentiment 0.1180


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