Breaking news: How the Grinch stole data
Will the greedy Grinch get his comeuppance for trying to steal the Whos’ valuable market data at Christmas? Max Bowie investigates.
All the Whos down at Who-Bank liked data a lot,
But the Grinch, who traded on eTorWho, did not.
He started to shake, from his head to his knees,
Whenever he had to pay exchange data fees.
Now, please don’t ask why, we don’t understand
If his motives were cheap or just plain underhand.
The fees were all legal, but he didn’t get it,
He listened too much to objectors on Reddit.
Who blamed all their woes on the Whos and their fees,
And whenever they got caught in a loss or short squeeze.
The Grinch made a small fortune long in the past
But he wanted a large one, and wanted it fast.
To do it, he needed a ton of Who-data
To come up with values for alpha and beta
And out-trade his rivals, who, left in his dust,
Would pay him their money, as surely they must.
And rolling in cash, that greedy old Grinch
Would make even more. It would be such a cinch.
But he needed Who-data, he needed it badly.
He craved it so terribly horribly madly.
He needed that data, but one problem remained:
How could he access the Whos’ data blockchain?
The Whos liked their data. They sold it a lot
To the cat in the hat and the fish in the pot
Who used it to generate sources of alpha,
When beezle-nut trading or selling alfalfa.
Geospatial data gets Zaxes abuzz
While pill-berry bushels suit Gertrude McFuzz
For Yertle the Turtle, machine-readable news,
Delivered in real time by clever old Whos.
Their data was distributed across the Who-nation,
On Who-Tron and Who-Rate and other workstations.
On D&B Who-vers and if you were frugal
You can look for the data by searching on Who-gle.
They were proud of their data, even anal-retentive
Of how innovative, and truly inventive
It was, and of course, that would make it expensive.
And, of course, any fees always made the Grinch pensive.
So he plotted a plan that filled him with glee,
Of how to get hold of Who-data for free.
So, one day when Who-Bank had suffered a hack,
And the Whos were distracted getting their systems back,
The Grinch, under cover of that fateful breach,
Approached a young intern, a star-bellied Sneech,
And said “I need data. If you can connect me,
Then I’ll make my fortune and all will respect me.
I’ll load up my algos with data galore,
I’ll crank up the volume, then crank it some more,
And the Whos, all distracted by Christmas Who-roasts,
No longer have data, while I have the most.
With their data and charts and security master,
I’ll be easily able to place my trades faster,
And further, as far as their Who-eyes can see,
Because I’ll have the lowest of low latency.”
And the poor little Sneech did not know what to say,
His boss was away from Who-bank for the day.
So absent the checks of his boss’ watchful eyes,
He coded and rolled out a fresh API
That would suck Who-Bank’s systems all dry of their data,
Which it sent to the Grinch for him to use later.
But the Sneech had his doubts, and thought that he oughtn’t
Be sharing this data of such great importance,
And called up compliance who said clear as day
That data should never be shared in this way.
So, he shut down that API, plugged up the leak
Faster than any Who-mouse could Who-squeak.
Then he built an enormous secure firewall
With Yooks and with Zooks overseeing it all.
And he wrote a new program that uses AIs
To make sure that in future all data complies
With their licenses, then he called up the Who-FBI.
And the Who-FBI hauled the Grinch off to jail,
But Judge Cindy-Lou Who granted him bail,
And he gathered his assets and fled far away,
Leaving the Whos to enjoy Christmas Day.
And when he departed, they all did applaud it,
But next time they’ll catch it with much better audits.
And now, from his non-extradition home in the Caymans,
The Grinch lives a peaceful new life as a layman.
Also now, when he trades, he’s not such a miser,
And complies with his license, because now he is wiser.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Deutsche Börse democratizes data with Marketplace offering
Deutsche Börse Group is set to unveil its Marketplace, a one-stop data shop designed to simplify and streamline data acquisition and consumption for its clients, while also surfacing data from across the firm to its own users. Jan Stiebing and Sven…
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza