Our book, Big Data Science in Finance (http://bigdatafinancebook.com) is here next week! In addition to quant applications, latest research and ready-to-use code, you can now get a shirt, too! http://www.bdfbook.com/#merchandiseRead More →
Irene Aldridge, a co-author of the forthcoming book “Big Data Science in Finance” has launched her very own YouTube channel where she discusses her latest research in the areas of Big Data, Artificial Intelligence and Finance. Please subscribe here to receive updates: https://studio.youtube.com/channel/UCMYuhgyMhzkw5tBIyEa2p3g Aldridge has a seasoned portfolio of TV appearances, including CNBC, CNN, and even Comedy Central. Aldridge is looking to make her research more accessible through video clips and offerings. Please share with your colleagues and friends!Read More →
Irene Aldridge was invited to speak at her Alma Mater, Cooper Union for the Advancement of Science and Art, on the subject of Big Data in Finance. Irene spoke about why engineers are a natural fit for Big Data in Finance and what skills are required for Big Data jobs and why.Read More →
By Irene Aldridge S&P Global just announced acquisition of IHS Markit for a whopping US $44 billion, the largest acquisition in the financial data industry to date. The amount reflects the current reality on Wall Street: premium data brings on premium revenues and valuations follow. IHS Markit’s flagship offerings, like the ISM Manufacturing Index, has long been a beacon to selected hedge funds, who paid a fair share of their investors’ earnings for the opportunity to squeeze an extra edge out of the data. As shown in our book, “Real-Time Risk: What Investors Should Know About Fintech, Flash Crashes and High-Frequency Trading”, in many casesRead More →
By Irene Aldridge, co-author of “Big Data Science in Finance” (Wiley, 2020) The NYPost reported on November 5, 2020, just two days after the still-inconclusive U.S. Presidential Election, that “Bitcoin rallies past $15,000 for the first time since January 2018”. Bitcoin is just one of now many cryptocurrencies, “crypto” for short. Other cryptocurrencies, like Ethereum, XRP, Chainlink, and many others are surging as well, offering investors an opportunity for unparalleled returns. The surge in may seem random to some, but it also may have very strong fundamentals rooted in the current political landscape. This article makes a case for Crypto becoming a stronger performer inRead More →
In the next five years, big data analysis is poised to become one of the most important and competitive skill sets around. Portfolio analysis in particular is where pension funds are focusing their big data investments. Big data is a set of techniques embedded in the latest, most sophisticated technologies: social media analytics, digital video recognition, 5G cellular technology and much more. The capabilities of big data are incredibly powerful and extend far beyond traditional systems. Supported as a spying technology in the World War II and later, the Cold War, core big data techniques were developed in the 1940s, 1960s and 1980s and areRead More →
By Irene Aldridge The history of Finance is full of Mathematical and technological revolutions. With the expansion of computer technology, mathematical innovations are not only abstractly interesting, but also very fast and profitable. Most recently, mathematical innovations in Finance first generated opportunities in quant techniques that were followed by the revolution of high-frequency trading, Now, the opportunity expands as Big Data techniques are implemented within Finance. Many people are still puzzled by what is so special about Big Data. After all, Econometrics and other data processing tools have been used in Finance for decades. It is true that Econometrics comprises a part of Big DataRead More →
By Irene Aldridge The word on the street is that no indicator is more reliable about one’s beliefs of future economic conditions than one’s trading activity. It is fascinating to observe institutional investor activity immediately before and after the announcement that the U.S. Senate has conditionally passed the proposed new tax law in the context of understanding the thoughts and beliefs of institutional investors as expressed by their often billion-dollar investing decisions. The new tax regime slashes corporate tax rates from 35% down to 21%, potentially resulting in direct increase in after-tax earnings, and, therefore, stock prices in 2018. From a cursory analysis, it wouldRead 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 →
Irene Aldridge is a co-author of “Big Data Science in Finance” (with Marco Avellaneda, Wiley 2020), an internationally-recognized quantitative and Big Data Finance researcher, Adjunct Professor at Cornell University and President and Managing Director, Research, of AbleMarkets, a Big Data for Capital Markets company.
Irene Aldridge is often invited to speak at conferences, corporate events and other content-driven gatherings. December 7, 2020: “Finance for Engineers”, Cooper Union for the Advancement of Science and Arts January 19, 2021: “Big Data as a New Paradigm in Finance”, Columbia University Math Practitioner Seminar. Abstract: Big Data shows promise delivering unbiased optimal factorization even in a noisy environment with substantial missing observations. This talk will discuss applications in Finance, including optimal driver identification and future prediction. For past events, please click here.
