FinTech Exchange: Haraburda Says Alternative Data the Next Step

Mike Forrester

Mike Forrester

Video Producer

How big is your data set?

Mark Haraburda, CEO of Barchart, which hosts the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and innovating in new ways.

“This year the event has been focused on data, the way data is delivered, the way data is stored, the way data is analyzed and visualized as well as the new types of data in the alternative data space,” he said.

Haraburda and Barchart see a lot of potential in the alternative data space, especially in the types of data derived from satellite imagery. Everything from agriculture production and delivery of grain to economic fundamentals based on retail stores or computer manufacturers is being repackaged into data sets that investors and traders can use in the markets. And with the heavy push into cloud services, that data is more accessible than ever, Haraburda said.

“In the commodities markets you can actually look at the supplies of energy, the condition of crops using satellite imagery to tracking the amount of grain that may be flowing between elevators and the river,” Haraburda said.

Going forward, Haraburda said the trend is toward taking that data and integrating it with machine learning technology. There is also a lot focus on data mining and “massive, massive storage sets.”

“It’s very exciting and keeping us on our toes, and developing relationships with firms we’ve never had before,” he said.

 

John Lothian Newsletter

Today's Newsletter

Greed and Fear Collide: Wall Street Calls Traders Back to Office

Greed and Fear Collide: Wall Street Calls Traders Back to Office

First Read Hits & Takes By John Lothian & JLN Staff My commentary here yesterday was picked up by Lynne Marek of Crain's Chicago Business, who included parts about my difficulties applying for the Payroll Protection Plan program of the CARES Act in a story she...

We visit more than 100 websites daily for financial news (Would YOU do that?)

Now Read This

Chris Hehmeyer – Bitcoin, Bakkt and Beyond

Chris Hehmeyer – Bitcoin, Bakkt and Beyond

Hehmeyer Trading and Investments shut down its CTA and CPO and IB business at the end of the year, along with its Hehmeyer Cryptocurrency Index Fund. The market maker is now focused on cryptocurrencies, bitcoin in particular. Chris Hehmeyer told John Lothian News that...

Pin It on Pinterest

Share This Story