An increasingly common theme in financial technology is how advancements are moving so fast that processes, hardware and software that worked so well are quickly being replaced – and create a competitive disadvantage for firms that fail to keep up. This is particularly true with “big data” and batch reporting processes. In a report out Tuesday, TABB Group notes how “technology has moved on again,” as new technology is creating competitive market advantages while displacing expensive systems and processes that were recently installed. Where once sub-second “real time” analysis was a competitive advantage now the definition of “real time” has…
Big Data Technology Changing Again As Buy-side Takes The Lead
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.