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jerryking : data-driven   4

Rise of machine trading forces data providers to pivot | Financial Times
OCTOBER 30 2019 | Financial Times | Philip Stafford in London.

Financial information suppliers are on the hunt for new markets such as wealth management and corporate audiences....... the days of depending on selling information on fixed workstations, or terminals to a core group of investment bankers and fund managers — the mainstay of the industry over decades — were quickly receding........Cost-conscious banks are reducing the numbers of analysts and traders they employ, cutting research or automating processes that have long been done by humans. That wipes out a once reliable client base for terminals, leaving data specialists to shift their focus elsewhere.....Chief technology officers need to become more efficient more quickly,” “Our fastest growing segment is corporates, business development and investor relations.” This had left rivals such as Bloomberg, Refinitiv and Morningstar “in a race . . . for each others’ customers,........Demand is increasingly being driven by the need for enriched data that can be fed into computers, rather than read by humans, ....“We’re seeing a big shift to data-driven strategies, and fundamental analysis will be more data-driven,” he said. “This is where the industry is headed and where we’re going for it.”....Overall terminal sales are healthy... estimates are that the number of users of terminals, or desktops, in the investment industry will rise to 1.6m this year and hit 1.7m by 2021. Most of that growth is set to come from areas such as investment management rather than trading....Mitko Yankov, global head of platform at Refinitiv, agreed that the old model of selling data as pre-packed bundles of information was disappearing. Customers wanted richer types of data, he said. This means serving developers, data scientists, quantitative traders and even traders and analysts who can write their own code. “They really don’t appreciate monolithic bundles,”...other data providers are hoping to benefit from the rising demand for data as markets apply computing trends such as artificial intelligence and machine learning to trading and analytics. The rush has been exemplified by the London Stock Exchange Group’s $27bn deal to buy Refinitiv.
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This (old - ish) article makes one think of a couple of factors that contributed to a change of balance:
https://www.bloomberg.com/news/articles/2019-02-25/jpmorgan-s-traders-nab-market-share-while-deutsche-bank-s-slip
First is the "exorbitant privilege" of being able to print more than others, but near second is probably information and information processing power advantage By the way, the article cited is a reasonably rich source of information, not to be compared with ft's, where there is no hard data and time perspective. There is another question: How does it square up with market as a "price discovery mechanism"? With barriers to safe entry into this market in billions of investment into technology what are the mere mortals supposed to do? The market seems to be turning into an ever narrower oligopoly.
alternative_data  automation  Bloomberg  coding  CTOs  data  data-driven  data_scientists  Factset  financial_data  fundamental_analysis  investment_management  LSE  Morningstar  Refinitiv  Thomson_Reuters  traders 
8 weeks ago by jerryking
How investment analysts became data miners | Financial Times
Robin Wigglesworth 5 HOURS AGO
Distribution is increasingly focused on pulling readers in rather than pushing content out. Rather than emailing research and praying it gets opened, many banks have built up personalisable research portals. More content is now made public. The websites of most big investment banks now look more like those of think-tanks.....“The evolution of capital markets has put investment research departments in a tricky position,” ..... “The industry has changed dramatically in how it’s done and distributed. But what has not changed is the fundamental job: coming up with great ideas.”
alternative_data  asset_management  charts  data  data-driven  data_scientists  idea_generation  index_funds  investment_research  money_management  passive_investing  sell_side  technology  UBS  unbundling 
11 weeks ago by jerryking
Former ShoeDazzle Marketing Chief Aims to Help Startups Get Smarter - Venture Capital Dispatch - WSJ
February 13, 2013 | WSJ | By Scott Denne.
Former ShoeDazzle Marketing Chief Aims to Help Startups Get Smarter
data-driven  data  venture_capital  appointments 
february 2013 by jerryking
Change or die: could adland be the new Detroit?
Feb 18, 2011|Campaign |Amelia Torode (head of strategy and innovation at VCCP and the chair of the IPA Strategy Group) and Tracey Follows ( head of planning at VCCP)...

As the world changed with the globalisation of markets, the transformative power of digital technologies and a shift in consumer demand, the automotive industry and the city of Detroit did not. At a fundamental level, nothing changed. Detroit failed to adapt, failed to evolve.

We have started to ask ourselves: is adland the new Detroit?

Data: find stories in numbers

It's time to reimagine our role. We're no longer solving problems but investigating mysteries; no longer taking a brief, rather taking on a case. Like a detective, we start with behaviour, looking for patterns and anomalies. We assume that what we're being told is not entirely the "truth" so search for information that is given from various perspectives and tend to believe our eyes more than our ears.

Imagine the implications for how we approach data. Seen through the lens of "mystery", we're not simply seeing data as a stream of numbers but as a snapshot of behaviour and an insight into human nature. What we do with data is the same thing we do when we sit on a park bench or at a pavement café - people-watching,albeit from desktops. It's human stories hidden within numbers, and it takes away the fear that surrounds "big data".
shifting_tastes  data-driven  data_journalism  Detroit  advertising_agencies  data  storytelling  massive_data_sets  adaptability  evolution  United_Kingdom  Publicis  managing_change  sense-making  insights  behaviours  patterns  anomalies  assumptions  automotive_industry  human_experience  curiosity  consumer_behavior 
december 2012 by jerryking

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