Alternative Data News. 22, January 2020

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.


Artificial Intelligence as a Tool for Investing

Citi uses AI that is capable of researching and comparing data collected from both previous and present transactions. This helps provides context and easily-understood data to the person carrying out the trade transaction reviews. The amount of manual research that had previously been the standard within the industry has been significantly reduced by the assistance of AI.

2020-01-17 00:00:00 Read the full story…
Weighted Interest Score: 5.9750, Raw Interest Score: 2.2156,
Positive Sentiment: 0.2841, Negative Sentiment 0.1278

CloudQuant Thoughts : Alternative Data does not have to come from outside your firm, it can come from inside. Running your own trade results through Machine Learning can yield extremely useful observations. The ML then becomes your Alt Data, letting you know how current market conditions may affect the spread or your fill rate on particular symbols and which order types may be appropriate.

Northern Trust Asset Management launches sustainable quantitative solutions

Northern Trust Asset Management has expanded its sustainability strategies, enabling institutional investors to combine Environmental, Social and Governance (ESG) investing solutions with the manager’s expertise in quantitative investing across developed and emerging markets.

The Emerging Markets Quality Low Carbon Strategy aims to tackle climate change risk while enhancing performance through the integration of Northern Trust’s proprietary Quality factor, which targets companies that are efficiently managed, profitable, and have strong cash flows.

Designed to invest at the intersection of low carbon and high quality, the strategy is an example of Northern Trust’s approach of delivering quantitative investment solutions that focus on the efficient use of risk – without sacrificing performance. Driven by client demand, the strategy is executed using the investment manager’s proven record of innovation in ESG and quantitative investing.

2020-01-21 00:00:00 Read the full story…
Weighted Interest Score: 5.0360, Raw Interest Score: 2.5438,
Positive Sentiment: 0.4469, Negative Sentiment 0.1031

CloudQuant Thoughts : I know I may appear to harp on about this every week but it is only because I love you! ESG ESG ESG… it is the hot topic at the moment and if you are not looking at it then you may be missing out (again! – sorry!). At CloudQuant we constantly scour Alternative Datasets and test their stated results, as a result of this testing we have an alternative data set for ESG that we recommend. Head over to our Data Catalog for more information.

Refinitiv launches Future of Sustainable Data Alliance

Refinitiv has launched the Future of Sustainable Data Alliance (The Alliance) in conjunction with the World Economic Forum, United Nations, IIF, OMFIF, Tsinghua University, ASIFMA, GFMA, Climate Bonds Initiative, FinTech4good, Everledger, Institute of Public and Environmental Affairs, Bank of Africa-BCME, GoImpact and other founding member firms.

The objective of The Alliance is to accelerate the mobilisation of capital into sustainable finance. The Alliance will solve the question: What data do investors and governments need to meet the requirements of both regulators and customers for sustainable investments and products in pursuit of the 2030 Agenda.

The Alliance says: “Fundamental ESG data access and additional alternative data sets are seen as key drivers to help investors make sustainable investment decisions and positively contribute to the UN Sustainable Development Goals.”

2020-01-22 00:00:00 Read the full story…
Weighted Interest Score: 4.4957, Raw Interest Score: 1.8890,
Positive Sentiment: 0.4579, Negative Sentiment 0.2862

CloudQuant Thoughts : Living in America I regularly get negative opinions on the UN and its aims, being a European my view of the UN is quite different. The UN Sustainable Development Goals are, for me a key indicator of the actual aims of the UN. Seeing Alternative Data firms working towards assisting with those goals gives me hope for the future.

Nasdaq to offer ESG workflow and reporting service to its corporate clients

Nasdaq Inc (NASDAQ:NDAQ) has earlier today announced it will offer corporate clients an environmental, social, and governance (ESG) workflow and reporting service.

The platform aims to help companies navigate the complex series of corporate sustainability frameworks available in the market today. It streamlines the data gathering and response process to provide a more efficient way to send ESG-related data to ratings agencies and other stakeholders.

The platform supports a raft of sustainability reporting frameworks, including the Global Reporting Initiative (GRI), ISS, MSCI, RobecoSAM, the Sustainability Accounting Standards Board (SASB), Sustainalytics, and the Task Force on Climate-related Financial Disclosures (TCFD), among others.

2020-01-22 15:13:18+02:00 Read the full story…
Weighted Interest Score: 4.4007, Raw Interest Score: 2.2004,
Positive Sentiment: 0.4682, Negative Sentiment 0.0468

CloudQuant Thoughts : This adds to their ESG offerings introduced last year and displays again NASDAQs move towards offering more than just markets and market information.

How to break into Data Science the easy way

Scratch that; there’s not an easy way.

Data science has become a hot topic the past few years along side machine learning. The rise of machine learning has made data king, and as a result, there is a huge demand for data scientists. Becoming a data scientist through formal education is a product of the times, and to get into the industry in the modern era requires a bit of work.

There is not an easier, softer way to become a data scientist. One of the issues of trying to short cut the process is that you don’t learn how to look at data. Even though the concepts can be taught in short order, you need to look through lots of data, design data collections, collect data, clean data, train on data, analyze data, do failure analysis, and repeat. Graduate school is a great vehicle for this process because you have to produce something better than what’s out there currently.

2020-01-22 00:47:42.954000+00:00 Read the full story…
Weighted Interest Score: 4.3142, Raw Interest Score: 2.5856,
Positive Sentiment: 0.1939, Negative Sentiment 0.0000

Updating Data Governance: Set Up a Cohesive Plan First

Enterprises are taking Data Governance—planning and programming to control and secure data—more seriously. In a recent DATAVERSITY® Trends in Data Management Report, 76 percent of organizations have a Data Governance program in place or such a plan for the future. This makes sense as companies focus more on security and business growth. Data breaches have increased. Ransomware families have grown 700 percent since 2016 and attacks are up 365 perc…
2020-01-22 08:35:37+00:00 Read the full story…
Weighted Interest Score: 4.3264, Raw Interest Score: 2.6254,
Positive Sentiment: 0.3215, Negative Sentiment 0.2893

AI & Machine Learning Learning Path: A Definitive Guide

Artificial intelligence is currently one of the hottest buzzwords in tech — with good reason. In the last few years, we have seen several technologies previously in the realm of science fiction transform into reality.

Experts look at artificial intelligence as a factor of production, that has the potential to introduce new sources of growth and change the way work is done across industries. In fact, AI technologies could increase labour producti…
2020-01-20 12:30:00+00:00 Read the full story…
Weighted Interest Score: 4.2908, Raw Interest Score: 2.3819,
Positive Sentiment: 0.3156, Negative Sentiment 0.0713

Arcesium secures strategic investment from JP Morgan

Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan.

The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.

“We appreciate…
2020-01-17 00:00:00 Read the full story…
Weighted Interest Score: 4.1791, Raw Interest Score: 1.9900,
Positive Sentiment: 0.3483, Negative Sentiment 0.0995

The top 5 artificial intelligence trends to expect in 2020

Artificial intelligence is one of the fastest moving and least predictable industries. Artificial Intelligence (AI) has the peculiar ability to simultaneously amaze, enthrall and intimidate. The possibilities of AI are innumerable and beyond the scope of our imagination.

Looking ahead to 2020, CIOs will need to better assess the value of their AI bots. And also improve that ROI to the business. By 2020 companies will become laser-focused on AI v…
2020-01-14 09:21:09+00:00 Read the full story…
Weighted Interest Score: 4.1333, Raw Interest Score: 1.6994,
Positive Sentiment: 0.3399, Negative Sentiment 0.1854

Bixby Research and Analytics launches private markets news and information platform for hedge funds and asset managers

Bixby Research and Analytics, a fintech focused on information flow, has launched a web platform powered by Rightpoint technology, which connects asset managers and hedge funds to real-time market moving news and financial information for companies in the private debt market.

Over the last several decades, the asset management industry has seen unprecedented advances in technology; however, when you step back and look at where this advancement i…
2020-01-22 00:00:00 Read the full story…
Weighted Interest Score: 4.0698, Raw Interest Score: 2.0833,
Positive Sentiment: 0.1938, Negative Sentiment 0.1938

Economic Data Boosts Dow to Fresh High

The Dow Jones Industrial Average (DJI) has continued its steady rise higher at midday, touching another record high, as Wall Street looked towards promising economic data, namely upbeat retail sales and jobless claims. A post-earnings pop from bank name Morgan Stanley (MS) and a finalized “phase one” trade deal has also helped boost stocks, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) grabbing more fresh intraday peaks.

Continue read…
2020-01-16 00:00:00 Read the full story…
Weighted Interest Score: 3.9746, Raw Interest Score: 1.8018,
Positive Sentiment: 0.2120, Negative Sentiment 0.0530

CMC Markets further embraces multi-asset product range in partnership with Your Bourse

Multi-asset trading environments, offering connectivity to massive asset bases is a pre-requisite in order to engage astute investors, who are usually well-read, strategic and pragmatic.

Thus, there is now a fully accessible multi-asset solution for retail brokers which allow the trading of spot OTC derivatives on the same platform as multi-asset exchange listed futures and equities.

This not only elevates the potential client base of brokerages, as it accesses the equities and futures traders on exchanges, many of whom reside in first tier regions such as the Britain, North America, Singapore, Hong Kong, Australia and Switzerland but also generates a highly sustainable environment for brokers in which long-term traders with less leverage and larger capital margins operate, bringing them into the realms of the portfolio holders rather than CPA/lead conversion short term business.

2020-01-20 09:34:25+02:00 Read the full story…
Weighted Interest Score: 5.6165, Raw Interest Score: 2.4950,
Positive Sentiment: 0.2329, Negative Sentiment 0.0665

Exegy® launches website to deliver trading signal metrics

ST. LOUIS – 21 January 2020 – Exegy Inc., the leading provider of low-latency market data solutions, historical market data solutions, and predictive analytics, has today announced the launch of a new website that provides daily reports on the performance and value of its Signum portfolio of real-time trading signals. One report estimates the net price improvement in US equity trades that are achievable when using its Quote Vector signal that acc…
2020-01-21 00:00:00 Read the full story…
Weighted Interest Score: 3.9354, Raw Interest Score: 1.9456,
Positive Sentiment: 0.2410, Negative Sentiment 0.0344

SEC Taps First Chief Data Officer

DO Gerig Austin

The Securities and Exchange Commission said that it has named Austin Gerig its first chief data officer, a position that will help the securities regulator, among other measures, use data analytics to support enforcement and examinations.

Gerig, the assistant director of the SEC’s Office of Data Science in the Division of Economic and Risk Analysis (DERA), will assume his new position on Feb. 3. He began his SEC career in June 2014 as a financial economist in DERA.

“I am pleased that Dr. Gerig has agreed to bring his broad experience in data strategy and management to this important new r…
2020-01-16 00:00:00 Read the full story…
Weighted Interest Score: 3.8511, Raw Interest Score: 2.0967,
Positive Sentiment: 0.2567, Negative Sentiment 0.0000

Davos 2020: Refinitiv launches sustainable data alliance

Announced at the World Economic Forum, Refinitiv will join forces with influential global bodies to create a first-of-its-kind alliance to monitor sustainable finance through data.

Tackling the issue of uncertainty head-on, the Alliance seeks to solve the question: what data do investors and governments need to meet the requirements of both regulators and customers for sustainable investments and products in pursuit of the 2030 Agenda?

Foundi…
2020-01-22 11:30:00 Read the full story…
Weighted Interest Score: 3.8445, Raw Interest Score: 2.0302,
Positive Sentiment: 0.2592, Negative Sentiment 0.4320

Standard Chartered Private Bank introduces ESG Select

The bank will apply this new review process on wealth solutions that seek to be positioned as a sustainable or environmental, social and corporate governance (ESG) product on the Standard Chartered platform.

Standard Chartered Private Bank, the private banking division of Standard Chartered, today announces that it has launched “ESG Select” – a new review process to be applied on wealth solutions that seek to be positioned as a sustainable or environmental, social and corporate governance (ESG) product on the Standard Chartered platform.

ESG Select …
2020-01-20 08:23:49+02:00 Read the full story…
Weighted Interest Score: 3.5561, Raw Interest Score: 2.4648,
Positive Sentiment: 0.1565, Negative Sentiment 0.1565

ICE Data Services to Offer ESG Reference Data on U.S. and International Companies

ICE Data Services to Offer ESG Reference Data on U.S. and International Companies

BofA Global Research Will Serve as ICE’s Development Partner for This New Initiative

ATLANTA & NEW YORK –(BUSINESS WIRE)– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced plans to launch a new data service that is designed to help investors better as…
2020-01-14 00:00:00 Read the full story…
Weighted Interest Score: 3.4991, Raw Interest Score: 1.8640,
Positive Sentiment: 0.2868, Negative Sentiment 0.0205

Should You Think About Buying Qudian Inc. (NYSE:QD) Now?

Qudian Inc. (NYSE:QD), which is in the consumer finance business, and is based in China, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$7.79 at one point, and dropping to the lows of US$3.52. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Qudian’s current trading p…
2020-01-22 01:33:08+11:00 Read the full story…
Weighted Interest Score: 3.4687, Raw Interest Score: 1.8079,
Positive Sentiment: 0.3099, Negative Sentiment 0.1291

Interpreting the 2020 Puerto Rico Earthquake Swarm with data

Interpreting the 2020 Puerto Rico Earthquake Swarm with data

Using visualizations, maps, time series and Google Trends data to describe this event

San Juan, Puerto Rico. Photo by me.

Since late December 2019 until early January 2020, the southwestern region of the island Puerto Rico has been experiencing a series or swarm of earthquakes, leaving in its wake a trail of destruction and uncertainty among Puertorricans. According to the United Sta…
2020-01-22 00:03:32.897000+00:00 Read the full story…
Weighted Interest Score: 3.4302, Raw Interest Score: 1.7476,
Positive Sentiment: 0.0350, Negative Sentiment 0.1049

Why the hybrid AI compromise isn’t a solution at all

Presented by Ople.ai

In recent years, AI has emerged as an undisputed competitive advantage, which means smart business leaders facing the digital transformation have some really familiar questions: How do you measure success? What questions do you need to ask to ensure that you’re making the right decisions right out of the gate? And most importantly, how do you implement AI in your business to deliver a positive impact?

The answers to those q…
2020-01-22 00:00:00 Read the full story…
Weighted Interest Score: 3.1309, Raw Interest Score: 1.2966,
Positive Sentiment: 0.3795, Negative Sentiment 0.3004

Placer.ai raises $12 million to keep tabs on foot traffic in real time

’s estimated to be worth $22.8 billion by 2024. A somewhat newer entrant is Placer.ai, which was cofounded in 2016 by Noam Ben-Zvi, Oded Fossfeld, Ofir Lemel, and Zohar Bar-Yehuda. It might not rival location data giants like FourSquare and ThinkNear, but it managed to nab $12 million this week in a funding round led by BV Capital with participation from Aleph, Reciprocal Ventures, OCA Ventures, existing investors, and an undisclosed group of new strategic investors.

According to CEO Ben-Zvi, the fresh capital — which brings Tel Aviv- and Los Altos, California-based Placer’s total raised to over $16 milli…
2020-01-22 00:00:00 Read the full story…
Weighted Interest Score: 3.0234, Raw Interest Score: 1.4639,
Positive Sentiment: 0.1952, Negative Sentiment 0.1301

SEI Podcast Series: How are advances in data analytics enhancing both the investor and the investment experience?

The amount of data is growing exponentially. According to IDC, there were 16.3 zettabytes of information generated in 2017 alone. In simple terms, if every piece of data were a penny, it would cover the earth’s surface five times over.

Against this growing tsunami of data, investment managers and service providers alike are looking for ways to ingest and make sense of it all. To find information that they can translate into insights and turn int…
2020-01-14 18:38:42+00:00 Read the full story…
Weighted Interest Score: 2.9748, Raw Interest Score: 1.7162,
Positive Sentiment: 0.2288, Negative Sentiment 0.1144

Top Paper Presentations You Must Not Miss At MLDS 2020

Just a few days away now, Machine Learning Developers Summit, which is to be held on 22-23 Jan in Bengaluru and on 30-31 Jan in Hyderabad, has created a buzz around the tech community. With MLDS, Analytics India Magazine aims to bring in researchers and innovators together on one platform, where they will be presenting their research papers on various topics like machine learning, deep learning, and robotic process automation (RPA).

In this arti…
2020-01-15 12:32:51+00:00 Read the full story…
Weighted Interest Score: 2.9448, Raw Interest Score: 1.8202,
Positive Sentiment: 0.1226, Negative Sentiment 0.1132

The Advent And Scope Of AI Marketing In 2020 And Beyond

When it comes to bridging the existing gap between data science and its usage, targeting better marketing results, nothing beats the utilitarian nature of AI. While artificial intelligence alone is capable of sifting through humongous data sets for analyzing the relevant ones, AI marketing is slowly but steadily shaping up into a venture that comes with a host of benefits over the conventional ways of promoting a product or service.

That said, before we move…
2020-01-22 00:00:00 Read the full story…
Weighted Interest Score: 2.8694, Raw Interest Score: 1.2849,
Positive Sentiment: 0.4007, Negative Sentiment 0.0691

Natural language processing is the next step to automation

78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?

Greenwich Associates data also reveals that antiquated processes cost financial institutions (FIs) over $1.5 billion annually. Those already leveraging the cloud have…
2020-01-13 15:00:00 Read the full story…
Weighted Interest Score: 2.8196, Raw Interest Score: 1.4777,
Positive Sentiment: 0.5911, Negative Sentiment 0.3378

RETAIL REPORT: RIAs Look to Bright 2020: TD Ameritrade Survey

Get ready for another great year, bullish registered investment advisors (RIAs) tell TD Ameritrade Institutional1 in a new survey about their 2020 expectations for the economy, the markets and their firms.

More than two-thirds of independent RIAs participating in the TD Ameritrade Institutional 2020 RIA Sentiment Survey are optimistic about the U.S. economy, and more than half expect stock prices to continue to increase. Fifty-eight percent …
2020-01-22 03:36:16+00:00 Read the full story…
Weighted Interest Score: 2.7799, Raw Interest Score: 1.5930,
Positive Sentiment: 0.2254, Negative Sentiment 0.0451


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