Michael Mollemans – TABB Group “The problem with algo wheels, however, is that they tend not to account for the risk factors underlying the fat-tail distribution of algo returns, and algo wheel selection processes often turn into a game of guessing the finer points in the algo wheel’s logic. The better the guess, the better the fit to the algo wheel, the better the ranking.
BUSINESS WIRE – “New role created in response to increased demand for trusted news in turbulent geopolitical environment.” … “Refinitiv has appointed Richard Mably as Head of News Performance to enhance the value of Refinitiv’s extensive news coverage to help power and advance the financial community.” … ” Refinitiv has invested heavily to expand news coverage on the Refinitiv Data Platform in response to demands from customers for market moving insight across the globe. Refinitiv now carries news from over 10,000 sources up from 7,000 thousand sources two years ago.”
- Host the applications in a desktop workspace alongside the other (non-legacy) applications.
- Deploy user-behavior analytics to identify the areas of the legacy applications that are most used and/or would benefit from a rewrite.
- Provide external access to these areas via simple interop data-sharing techniques and expose as discoverable micro-applications .
These micro-applications can then be used as is or selectively replaced with new and/or more functional replacements. Critically, all of this can be done while preserving the user experience before, during and after change.”
Related video: – https://tabbforum.com/videos/the-financial-desktop-of-the-future-james-wooster-glue42/
Rowland Park – Of course, Refinitiv (formerly known as Reuters) and Bloomberg terminals have been a mainstay of trading desks for decades, but now firms are using algorithms to transform headlines into data which can be utilized by both human traders and algorithms, to drive trading decisions. … The volume and lack of innovation in the world of financial research means that it is very difficult for market participants to effectively handle and consume the information they are receiving, leading to less-effective outcomes. … The opportunity now is to use smart technology to transform the liability of information overload in financial research into the asset the analysis was designed to be in the first place.
PRNewswire – “Morningstar believes in the value of financial advice, and we share a common mission with advisers to empower investor success. We’re excited to expand our ability to support advisers at a critical time for the industry by welcoming AdviserLogic into the Morningstar family,” said Jamie Wickham, managing director of Morningstar Australasia. “Financial planning software is at the heart of the advice process. Combined with Morningstar’s deep data, analytics and research, AdviserLogic’s focus on user experience and advice workflow will enable us to elevate and differentiate our technology solutions for advisers—to support them in running an efficient and compliant practice; and deliver improved outcomes for their clients.”
Alex Rabaev – Overall, in-house built solutions are not replaceable, but it may be more practical to consider outside solutions. The decision is never one dimensional and never in the moment, as it will transcend scope and time. Your decision should balance practical short-term considerations and long-term strategy/vision.