The Big Data Picture

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Big data looms large as a financial industry buzzword, with multiple definitions of what it represents, and concerns about how to handle it and manage it. The term can encompass both the rapidly increasing volume of securities transaction data and commentary on markets and securities in the form of blogs and audio or video postings.

The industry is turning to cloud computing and the open source Apache Hadoop standard to provide computing power or systems for processing big data, leading to

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Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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