Thread by @kirubaakaran

#AlternateData is the future -
In developed markets, many hedge funds/ Investments bank have already started using these alternate data sets years before. Analysts at #UBS have used satellite images of #WallMart parking lots, cont....

if the parking lots are crowded, it means more people are walking into Wall mart which means, more sales, more profits and which in turn means, rise in stock price.

With the growth in #SocialMedia apps, there are immense amount of data that gets generated every second. Kylie Jenner made headlines in early 2018 by firing off one single tweet that set off a downward spiral for Snap’s stock. Snapchat stock loses $1.3 billion after Kylie tweet.”

A hedge fund called Winton Capital use AI for Facial recognition of Fed speaker to predict if news is positive or negative, and just before the actual news is out, their algo takes position is #Forex market.

I have written a detailed article on The Future of Algo Trading last year, here’s the details squareoff.in/single-post/Th…