Big Data in Capital Markets

Track:

Hot Technologies behind Modern Finance

Time:

Wednesday, 3:00pm - 3:50pm

Abstract:

With all the hype and promise of big data, and big data analytics, widespread adoption of the technology in capital markets industry has lagged behind other financial services sectors, and other industries. That is starting to change. In this presentation we will discuss the how capital markets firms are incorporating big data technology and the challenges they face. We will discuss emerging 'design patterns' and concrete use cases supporting them, in credit risk, price discovery, trading with sentiment analytics and other innovative examples. We'll discuss various technology stacks and their advantages, including batch-based processing, real-time analytics, and noSQL systems. Finally we'll take a look into the future and discuss key technology trends affecting big data in capital markets.

Clive Saha

Clive graduated with a BS in Computer Science from Cornell and went on to get a Master's in Electrical and Computer Engineering from the Cornell Systems Lab. After spending several years on Wall Street working on distributed job control systems for Risk Management, he moved to Google. Over the last 8 years there, he has worked on some of the biggest distributed systems in the world - first on Web Search and then on a Paxos implementation that underpins most of Google's cluster software. He joined Risk Focus in 2013 as a Lead Consultant on Distributed Computation and is currently working on the design and implementation of the new margining system at one of the world's largest Clearing Houses.

Alex Raitt

Alex Raitt is an technologist focused on practical technology innovation within capital markets. Over the course of his career, he has advised and implemented initiatives to improve productivity, innovation and take advantage new technologies to transform business and operations with many of the leading financial firms, including big data solutions, smart operations and high performance computing. After graduating in computer science in the UK, Alex worked as a developer and architect in front office FX, equities trading, emerging markets fixed income, cross asset eTrading, credit risk and cross business architecture initiatives. He has over 20 years’ experience in the capital markets industry as a hands-on technologist.