Lighting Up the Black Box: A Must for Investors?

Many quants contend that you must be able to interpret machine learning in order to use it.

The enigma of the black box applies not just to its mystifying workings, but also to the origin of its name. One credible story is that World War II pilots coined it to describe their new-fangled navigational equipment. Not knowing what radar wizardry took place inside the box—or how it performed its apparent miracles – didn’t deter the pilots from doing their jobs.

Machine learning in investing, however, is a different story. Here, the so-called black-box problem—whether to use a model without

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit broker dealers’ use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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