In a single day, an independent high-frequency trading (HFT) operation may generate anywhere from 10 million to 20 million order and execution messages. For compliance officers at the executing brokers, there may be over a dozen HFT models from a variety of buy-side firms that they are legally required to monitor. A suspicious activity rate of even 1 percent can therefore lead to an unmanageable amount of data to interrogate and analyze.
Guidelines from regulatory bodies such as the European
Rich Newman joins to talk about challenges facing the alternative data space and why open data is becoming increasingly important.Subscribe to Weekly Wrap emails