Nasdaq, Lucena Ally on Predictive Data, Analytics

The companies will use Nasdaq's data and Lucena's predictive analytics techniques to develop a new data product.

nasdaq-1

“Nasdaq is bringing an exciting and powerful set of datasets to the table. Some of the feeds use natural-language processing algorithms to literally ‘read’ news and social media, providing quantifiable information ranging from macroeconomic data to stock-specific factors. Lucena’s machine-learning technology ferrets out the relationships between these feeds to provide predictive and adaptive models,” which can “enhance a portfolio manager’s decision making,” says Lucena co-founder Tucker Balch,