Nasdaq (Nasdaq:NDAQ), a leading provider of real-time market data and analytics to financial professionals and retail investors globally, today announced the launch of the “Nasdaq Analytics Hub,” a new platform that provides the buy side with investment signals that are derived from structured and unstructured data, and unique to Nasdaq.
Today, the platform analyzes social media sentiment, central bank communications, retail sentiment, technical factors, and event based signals.
“The Nasdaq Analytics Hub reflects our partner-based approach of collaborating with key start-ups – like Lucena Research – to apply machine intelligence on proprietary and third party data sets to create new signals that investors may not have been able to access on their own,” said Terry Wade, Senior Vice President and Head of Business Development and Product of Global Information Services, Nasdaq. “We’ve implemented a rigorous process whereby we use machine intelligence to normalize, validate and back-test the data to ensure the resulting outputs translate into multiple real-life investment use cases.”
Advances in technology and automation are increasing the demand for alternative data sets to help asset and hedge fund managers, algorithmic traders and active managers make informed investment decisions. The Nasdaq Analytics Hub is the second product to launch from the Innovation Lab to address this evolution, continuing Nasdaq’s expansion into real-time and daily analytics that help market participants augment their strategies.