Quant Funds Get Sentimental About Big Data

Quant Funds Get Sentimental About Big Data

Social media is creating a torrent of data every minute.  But how much of this firehose is relevant to making better investment decisions? FlexTrade's Ivy Schmerken investigates.



Big Data Fed by Social Media

Social media is creating a torrent of data every minute.  But how much of this firehose is relevant to making better investment decisions?

As hedge funds and asset managers eye an explosion in unstructured data from Twitter, Google searches, and other social content, many are subscribing to feeds that mine this data to detect events.

Wall Street’s appetite for filtering and analyzing this social data has grown since it could be crucial to predicting the movement of stocks, currencies and derivatives.  The trend is fueled by not only the surge in social media, blogs and corporate filings, but the plummeting cost of computer servers and storage, making it possible to run analytics on the cloud.

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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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