By Irene Aldridge As parents, we always want the best for our children. Without a second thought, we invest in the best music and sports classes that we can afford to stimulate their brains and muscles. We arrange outings and playdates in order to provide our children with a diversity of experiences and friendships. By doing these things, we hope not only to help them now, but also to equip them with the skills they will need 10 or 20 years down the road. We can say, with reasonable accuracy, that the hottest, most necessary skill that will be in demand in the coming yearsRead More →

By Irene Aldridge This article first came out on Huffington Post: https://www.huffingtonpost.com/entry/59dcff8de4b0b8751b878b3d Understanding the capabilities and disruptive threats of big data is a must for all sophisticated finance professionals today. This article considers the development and current state of Big Data Finance, as it relates to innovation in investment management, intermediation (broking), insurance, risk management, and most other aspects of Finance. Big Data Finance is a revolution as well as an evolution that has come prominence several decades. Chartists and other technical analysts since at least the 1920s have utilized market data to derive upcoming patterns of prices. Perhaps the first formal breakthrough in BigRead More →

This article first appeared in the European Financial Review, http://www.europeanfinancialreview.com/?p=17446 By Irene Aldridge With all the changes happening to the markets the past several years, author Irene Aldridge discusses how technology has significantly shaped the execution quality for portfolio managers. The article emphasises the realities of a data-driven industry wherein better information means better success.   Investment managers are increasingly concerned about the quality of their execution. Indeed, how you execute the orders in today’s markets may make or break investment profitability. Changes to the markets over the past several years place execution quality at the top the priority list for investment managers. Most ofRead More →

Real-Time Risk: Why we all need to study Big Data By PlanetCompliance, July 28, 2017 Everything changes. Financial Services. Markets. Risk. Technology and innovation transform an entire industry and if you want to survive, you need to change, too. In order to change though, a profound understanding of the new technologies is necessary. PlanetCompliance spoke to Irene Aldridge, the author of the bestseller “Real-Time Risk” about what investors and finance professionals need to know about Fintech and the way Big Data is transforming the world we live in. There are without doubt not enough women in finance. Not in traditional banking, nor in Fintech. However,Read More →

By Irene Aldridge Adapted from Aldridge, Krawciw, Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading and Flash Crashes (Wiley, 2017) Foreign exchange market participants are increasingly concerned about the quality of their execution. Gone are the days of laid-back forex execution – the compensation of today’s forex managers is increasingly tied to their performance. Indeed, how you execute the orders in today’s markets may make or break investment profitability. Changes to the markets over the past several years, place execution quality at the top the priority list for investment managers. Most of the changes in the markets are directly related to computing powerRead More →

Interview with Prof. Marco Avellaneda of NYU Courant, world-recognized expert in Financial Mathematics, Big Data, and Volatility, Quant of the Year, Chair of Big Data Finance Conference (May 19, 2017, NYU Center for Data Science, 60 5th Ave., New York, NY). In discussion with Irene Aldridge (IA), IA: What is new in data, and Big Data in particular, in comparison with last year? MA: This year, Big Data Finance is becoming very serious. More and more financial institutions are applying Big Data Analytics and Blockchain technology in the real world of finance. The three key trends pertaining to Blockchain that we observe are: 1) theRead More →

By Irene Aldridge Recent proclamations (see Forbes, ZeroHedge and others) that high-frequency trading in equities has become too competitive and unprofitable for many firms has prompted exits and fire sales of assets.  The recent mergers and consolidations in the HFT industry are indeed real.  And as described in our new book, “Real-Time Risk: What Investors Should Know About Fintech, High-Frequency Trading and Flash Crashes” (Wiley, 2017), the technologies required to successfully trade at high frequencies have indeed become increasingly sophisticated.  However, the reports of death of HFT may be highly premature.   Our firm, AbleMarkets, tracks the participation of a specific group of high-frequency tradingRead More →