The breakfast event will take place in New York at The Yale Club 50 Vanderbilt Avenue, New York 10017 between 7.30 and 9.30am. This briefing will explore how Big Data technology is opening up new trading strategies as well as transforming risk management.
Big Data is a relatively new term in the IT lexicon, and is not specific to financial markets, but has applications across many verticals. That said, the financial markets present specific challenges to Big Data approaches, which drives how the term is defined.
When discussing the wide subject of Big Data, the term ‘The Four Vs’ is often used, referring to:
Volume – how much data is captured, stored, and processed
Velocity – how fast the data is received, and how fast it needs to be processed and extracted
Variety – how different and complex the data elements are
Value – how effectively the data can be processed for business benefit
Peter Harris comments, “While actual deployments of Big Data approaches are in their infancy, financial markets firms clearly understand the strategic benefit they will provide to trading and risk operations, at an enterprise level.”
“Big Data applications are seen as solutions to both profit generating trading operations and increasingly important risk control and minimization initiatives. They are also likely to play a key role in costly compliance programs, which are likely to increase due to regulatory scrutiny,” added Peter Harris.
Angela Wilbraham, CEO of A-Team Group, comments “A-Team Group have always demonstrated a strong commitment and understanding of the Capital Markets sector, and in collaboration with SAP we have been able to survey, analyze and articulate the issues, challenges and benefits for trading and risk management and what CIO’s need to know when considering implementing and deploying solutions.”
Notes to Editors
About A-Team Group
A-Team Group is a publishing, research and specialist events firm that has been dedicated to the Financial Services Technology sector for over 10 years.
With our global reach through our four core online communities – ReferenceDataReview.com, Low-Latency.com, Risk-Technology.net and BigDataForFinance.com – we reach over 10,000 senior executives in Financial Technology weekly.
Our clients include buy- and sell-side financial institutions, information providers, and technology vendors. For them, we deliver results-driven marketing campaigns including thought leadership, client advocacy, exhibitions, seminars and webinars, detailed research and benchmarking, generating a measurable Return on Investment.