Alt Data: A Work in Progress

Alt Data: A Work in Progress

Banks and investment firms have increased their consumption of alternative data sets, but there are still challenges around selecting the most relevant data for trading purposes, according to panelists at a recent industry fintech conference.



Banks and investment firms have increased their consumption of alternative data sets, but there are still challenges around selecting the most relevant data for trading purposes, according to panelists at a recent industry fintech conference.

In particular, the quality of time stamping and backtesting from third-party alternative data platforms is not always up to the standards of traders and investors, according to panelists at Tabb Group’s FinTech Festival conference in November.

To navigate the space, sell-side firms have hired big data experts to work with their fundamental research analysts who lack the skills to analyze alternative data.

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