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Tag Archives: machine learning

Trump to tap Powell for Fed; UK fintechs eating banks marketshare; Regulators warning about robots John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Congratulations to CME Group employees who supported October Pink for a Purpose campaign. Their efforts brought in more than $50,000. When you include CME’s corporate donations, more than $175,000 will go to @BeBrightPink and more than $16,000 will go to @CR_UK for the early detection, prevention and research for breast and ovarian cancer.~JJL The Treasury released its report on year-end 2016 U.S. portfolio holdings of foreign securities.. The largest holdings of foreign securities by country were the Cayman Islands with $1.37 trillion, the United Kingdom with $1.20 trillion, Japan with $854 billion…

How AI Is Reshaping ISVs: TT’s Rick Lane Looks at AI for Everything from Compliance to Finding Trading Opportunities Blog,Feature,Fintech,Interview

Trading Technologies announced yesterday the acquisition of Neurensic, an artificial intelligence regulation and compliance firm (terms were not disclosed). The deal brings Neurensic’s AI technology into TT and provides a new compliance platform for the firm. But the potential for the technology goes well beyond that. TT’s CEO Rick Lane spoke with JLN’s Jim Kharouf about where this technology is going next. Q: When you look at the AI/machine learning space, where is this industry going and where does it fit in for TT? A: Now we have another tool in our toolbelt. We’ve been providing a new, unprecedented level…

Nasdaq Launches New Machine Learning Technology for Surveillance Efforts on Nordic Markets John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Nasdaq, a technology company spawned from the exchange space, has announced the first machine learning implementation in market surveillance. The system is part of their SMARTS, which is enjoying tremendous growth since Nasdaq acquired it in 2010. Officially, “Nasdaq’s SMARTS, in collaboration with Nasdaq Nordic, has deployed machine learning capabilities which analyze abnormal market events and improves the alerting processes surrounding market abuse detection.”~JJL CME‘s electronic options averaged 2.2 million contracts per day in August, up 51 percent over the same period last year.~JK ICE has published a video to talk about…

Quant Trading and Superpowers – Morgan Slade Feature,MarketsWiki Education,MWEd,Mwiki,Video,video

“You have a chance, single-handedly, without anyone looking at your resume, to try and change an industry.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Morgan Slade, CEO of CloudQuant, discusses the difficulties most people face when trying to enter high finance. Getting your foot in the door at a large hedge fund is tough these days unless you went to an Ivy League school and graduated summa cum laude. CloudQuant is changing the game by offering institutional quality research with high frequency data for anyone, regardless of background, to apply to algorithmic trading. CloudQuant…

Machine Learning in Trading Blog,Video,video

At Trading Chicago presented by FOW and John Lothian News, Brian Peterson, partner at DV Trading, gave a TED-style talk about machine learning. It’s quite the buzzword of late and Peterson delineates how it is different from other related fields and what it can bring to your trading toolbox.

Frankfurt Is the Big Winner in Battle for Brexit Bankers; Robotic Hogwash! Artificial Intelligence Will Not Take Over Wall Street; Wall Street Profits by Putting Investors in the Slow Lane John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Yesterday was a success for the MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech in Chicago. We had six strong speakers who were appreciated by the audience of industry interns. Rick Cooper, a professor at IIT’s Stuart School of Business, talked about the importance of the markets for funding companies and ensuring fair prices, and how participants help the economy in general by driving out market inefficiencies. Tom Sexton, NFA CEO, said that without regulation from bodies such as his (and FINRA, and the CFTC, etc.)…

Using A.I. to Address the Compliance Challenge Feature,Video,video

“Historically for a lot of these artificial intelligence tools, they were very bespoke builds — and a lot of them still are. What we’re really working on is taking the concepts and building more generic tool sets that you can provide to lots of different people.”  As regulatory scrutiny spreads to more asset classes, so too do the challenges for compliance teams. Tony Sio, head of exchange and regulator surveillance with Nasdaq, believes artificial intelligence is the way forward. Artificial intelligence has been around in varying forms for years, but it was not accessible to firms due to the associated…

Context for Compliance: The Big (Bad) Behavior Picture Fintech,Video,video

Analyzing all the trading data out there is difficult, especially for regulatory purposes. Compliance officers have to take the big picture into account when examining data for bad behavior in the markets. Jim Austin, the CEO of Vertex Analytics, Inc., announced that it was National Bring Your Daughters and Sons to Work Day during his FinTech Exchange Conference presentation, and put some children to work on stage to demonstrate the evolution from pit to screen trading and the importance of compliance officers. “Everyone knows the floor is not there anymore,” Austin said. “But all that was tracked back then was…

Twenty-five Years Later Blog,Commentary

A Trip to Purdue Changed My Life Twenty-five years ago, I traveled back to my alma mater Purdue University in West Lafayette, Indiana and it changed my life. I head back down there again today for a day at Purdue at the Krannert School of Management. Twenty-five years ago a former college roommate, who I will dine with tonight, took me on a tour of the university campus and showed me all the changes that had occurred in the 10 years I had been gone. He showed me a new dormitory with suites of rooms that had one key feature…