https://www.nasdaq.com/articles/routing-201%3A-some-of-the-choices-an-algo-makes-in-the-life-of-an-order-2019-11-14 Phil Mackintosh - "One benefit of exchange mid-point orders is that Exchange mid-point orders should execute faster, especially when that exchange has shares on the NBBO. That’s because sellers on the exchange will trade with the mid-point order as they try to hit lit bids. Data shows some exchanges have quite a lot of mid-point liquidity." ... "With over 50 different places to source liquidity, including around 30 dark pools, it’s tricky for an algorithm to know where to route first, especially for dark pool orders." ... " Routing 101: Identifying the Cost of Routing Decisions https://www.nasdaq.com/articles/routing-101-identifying-cost-routing-decisions-2018-12-14
https://tabbforum.com/opinions/ai-washing-is-it-machine-learning-or-worse/ Dr. Bimal Roy Bhanu AiXPRT - "In terms of regulatory compliance in financial services – for example, automating the KYC processes for AML and CTF – the utopia is an AI solution system that harnesses machine learning and natural language algorithms. The AI engine should not be static; rather, it should be trainable to understand any regulation regardless of geography. Also, once the system has learned a regulation, it should be simple – using a straightforward text input interface – to teach the engine to understand any differences or changes in regulation. It might take a person weeks to understand and be trained for changing regulations, whereas the AI solution can do it in a matter of hours. Given that it can take months to manually complete compliance assurance processes, the business case for embracing the automated efficiencies, cost savings and analytics delivered by AI compliance solutions is undeniable. Such platforms are available and are infinitely superior to the illusory masquerade of the AI-washing brigade."
http://l.emails.history.com/rts/go2.aspx?h=732621&tp=i-H43-9I-A3l-sn3lr-1c-1cOYb-1c-smb6f-1QHxpi&x=hist-tdih-2019-1115%7c11152019%7ca0193d46a649b89283c4a61eef74e904402343d967d48482b5ada6bbeb3243c3%7c809614715%7c38673%7chist-tdih-2019-1115%7c11152019%7ca0193d46a649b89283c4a61eef74e904402343d967d48482b5ada6bbeb3243c3 On November 15, 1867, the first stock ticker is unveiled in New York City. The advent of the ticker ultimately revolutionized the stock market by making up-to-the-minute prices available to investors around the country. Prior to this development, information from the New York Stock Exchange, which has been around since 1792, traveled by mail or messenger. The ticker was the brainchild of Edward Calahan, who configured a telegraph machine to print stock quotes on streams of paper tape (the same paper tape later used in ticker-tape parades). The ticker, which caught on quickly with investors, got its name from the sound its type wheel made. Wikipedia https://en.wikipedia.org/wiki/Ticker_tape?wprov=sfti1
https://www.thetradenews.com/factset-deploys-data-platform-openfin/ Hayley McDowell - "The move means that clients will be able to use the FactSet workstation alongside proprietary, internally-developed desktop applications, and integrate third-party applications that are accessible via the OpenFin ecosystem into FactSet workflows."
https://alphacution.com/schwab-and-others-confirm-status-as-casinos-purveyors-of-financial-opioids/ Paul Rowady - "Ok. So, in order to avoid one of those vein-popping rants, I just want to remind that there is no such thing as a free lunch, that the retail brokerages are not charities, and that they will absolutely make up lost commission revenues in other ways, usually obfuscated way down in the guts of their workflow process where few people notice."
https://www.businesswire.com/news/home/20191106005638/en/ BUSINESS WIRE - State Street MediaStats scours more than 100,000 media sources as well as other big data sources to estimate future price changes and risks pertaining to individual equities, country equity indexes, and foreign exchange rates. The indicators use natural language processing and machine learning algorithms to account for biases and helps filter out noise in the media based on an extensive body of founding partners’ research.
https://tabbforum.com/opinions/financial-research-the-final-frontier-for-fintech-innovation/ 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.
https://www.marketscreener.com/MORNINGSTAR-INC-10068/news/Morningstar-Announces-Planned-Acquisition-of-Financial-Planning-Software-Provider-AdviserLogic-29508330/?utm_content=20191103&utm_medium=RSS 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."
http://www.globenewswire.com/news-release/2019/10/31/1939059/0/en/InfoReach-Unveils-HiFREQ-Strategy-Backtesting-and-Scenario-Testing.html InfoReach - The New HiFREQ Strategy Testing Framework Allows InfoReach Clients to Evaluate Performance and Validate the Behavior of Trading Strategies
https://tabbforum.com/opinions/cat-resurrects-the-age-old-question-build-vs-buy/ 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.