Alt Data on the March with Machine Learning

Alt Data on the March with Machine Learning

The explosion of alternative data sources, such as satellite images, sentiment analysis, and geolocation data, is having a profound impact on the field of quantitative investing. FlexTrade's Ivy Schmerken investigates.


The explosion of alternative data sources, such as satellite images, sentiment analysis, and geolocation data, is having a profound impact on the field of quantitative investing.

Analyzing torrents of unstructured data requires sophisticated tools and technology, and this leads to opportunities as well as challenges.

Alongside the boom in alternative data, there is increasing demand for data scientists and machine-learning professionals who can work with petabytes of unstructured data sets.  In January, Point72’s Aperio unit advertised for a “machine learning-data scientist” on AlternativeData.org, a public web site that covers the industry.

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FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
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