GLG Partners has hired a head of machine learning. Financial News reports that this is a new role entirely. The article points out that the volume of data that GLG is utilizing is growing. A similar article
reports that BlackRock is putting a greater emphasis on computer models.
Algos have been around for a while. So these moves make sense.
But how can the average intelligent person who has a trading strategy or idea play in this market? In seeking an answer I found a new approach being run by CloudQuant.
CloudQuant is working hard on providing an ability for anyone to create their own algos for trading. They are positioning themselves as an incubator for strategies. This has gained my focus in the
past couple of weeks as the idea is very appealing. I have had ideas for strategies throughout my career but have never had access to the datasets that could give me the proof I needed to know if the strategy could work.
Look to future posts to see how well my algo performed and what my experience was.