Tag - Quants

Although developing advantageous data projects requires considerable effort,
the rewards typically include significantly reduced trading costs, enhanced
trader effectiveness, and increased overall returns. Taking a strategic
approach can help realize these benefits, while managing the costs involved.
By some estimates, the difference between making even small improvements,
versus not doing so, can be hundreds of millions of dollars.

Although developing advantageous data projects requires considerable effort,
the rewards typically include significantly reduced trading costs, enhanced
trader effectiveness, and increased overall returns. Taking a strategic
approach can help realize these benefits, while managing the costs involved.
By some estimates, the difference between making even small improvements,
versus not doing so, can be hundreds of millions of dollars.

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 the next five to 10 years, don’t be shocked if hedge funds begin to outsource their algorithms to a team of quants coding in Python using the cloud and open source tools.