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FINTECH BIG DATA: Finally, a decent use for big data: Weeding out crooked City traders

LessThunk comment: There are two major risks to mitigate in trading circles, “insider dealing” (which benefits a tiny few over the crowd) and the much more serious “price manipulation” which impacts the entire investment and trading community (and damages national confidence).

Solution for these do exist; there are tools in exchanges and so on (quite mature, 10 years and more) .. SMARTS, for instance, is NASDAQs insider trading monitor.. it needs to co-ordinate globally to be really effective in the future..

http://www.theregister.co.uk/2015/02/24/finally_a_decent_use_for_big_data_weeding_out/

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Categorised as: banking

Posted by: Phaedrus



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