Banks, Asset Managers Turn to Web Scraping to Generate Alpha
The immense growth of online data is driving an increasing number of asset managers to deploy web-scraping tools to find unique investment insights.
Web-scraped data for investment purposes accounts for as much as 5% of online traffic—but operational, legal and technological barriers remain for investment firms looking to fully tap this vast resource.
This figure comes from a report by Opimas, published earlier this year, which also estimates that spending on web scraping for investment purposes will exceed $1.8 billion by 2020.
Since the early days of the World Wide Web, its potential as a source of investment data has been obvious
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