Hedgeweek, 28 April 2021
An increasing number of market participants are depending on more granular quality data to improve alpha generation and manage risk exposures. This results in new resource and cost challenges which many are alleviating by looking at alternatives to building these systems in house and buying-in data and analytics capabilities from third parties.
“A recent industry survey* showed a massive growth in hedge funds looking to third parties for data and analytics; 41 percent of hedge funds are significantly increasing budgets towards third party data and analytics. Simultaneously, 24 percent are reducing budgets in data infrastructure as more move to the cloud, away from internal server farms and to a new breed of outsourced vendors rather than relying on the traditional market data providers,” highlights Dr Elliot Banks, Chief Product Officer, BMLL Technologies.
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