Banks are proceeding with care in the business of selling proprietary data to buy-siders, bolstering personnel while making a soft entry into the world of dealing their own data.
“In our conversations with banks, they tend to get trigger-shy because they don’t want to be perceived as revealing confidential information. There are so many internal frictions,” says Tammer Kamel, founder and chief of Quandl, a platform for alternative data.
Another question is to whom banks can sell and whether
Bloomberg’s Gerard Francis looks at the challenges that capital markets firms face when trying to incorporate alternative datasets.Subscribe to Weekly Wrap emails