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Fund Houses Get Picky Over Where to Use Machine Learning

Buy-siders have limited their usage of deep learning techniques due to haziness over their inner workings.

In aviation, a black box is an on-board record of flight data that can be crucial in tracing the causes of an aircraft accident. The black box is, in reality, painted bright orange; it is designed to be found, opened and inspected.

By contrast, black boxes in the finance industry are opaque repositories of complex algorithms and coding that are tough to break open and study. With more widespread adoption of artificial intelligence, investment managers are starting to ask themselves whether

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Where a US antitrust case and a data law meet

The Waters Wrap: Regulators’ choice not to endorse a securities identifier under a new law keeps business as usual for firms required to pay Cusip license fees—but Reb isn’t ruling out a shake-up just yet.

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