4 ms·
Remember when the stock market was considered an art, dependent on your ability to make a deal? I'm sure a lot of those folks insisted the quants would never ea
by subway 8y ago
Remember when the stock market was considered an art, dependent on your ability to make a deal? I'm sure a lot of those folks insisted the quants would never eat their lunch, because the data is a pipe dream.
- abakker 8y agoPersonally, no, I don't remember that, but, I know it did exist. I'm also not saying that data won't ever exist. but, the stock market, as a market, produces the data needed for the quant funds. there is enough "price information" in the market to generate the data that a quant fund needs within the market itself. OTOH, startups are opaque, and most of the relevant data is kept out of the the hands of anyone that might aggregate it. instrumentation of the startup market does not benefit people the way that trading on existing data streams benefits the public ones. Again, not saying don't try to get more data, but, given the status quo, it is not a lot of data to go on right now.
- cirgue 8y agoEven the people saying the stock market was an art assumed you already had the data. Quants didn't master data, they mastered latency.