Golden Copy: Data's Hot New Accessory
Innovator's sensory 'VEST' could impact how reference data is read and evaluated
At Teradata Partners last week, I was again intrigued by an observation from science author David Eagleman, this time in person. [I wrote in 2014 about his earlier book, "Incognito," relating his take on how the brain interprets data from the eyes to how automated systems rapidly process financial data for trading decisions in the markets.]
Eagleman last year published "The Brain: The Story of You," and produced a companion TV series for PBS. At the company's conference, he related an experiment in which market indicators could be fed into a vest that has an array of small vibration motors, whose wearer then chooses a green or red button based on the feeling those motors convey. Designed to help hearing-impaired people feel speech, the vest's function could be altered so signals based on financial markets data could drive the motors.
This would make so-called "gut feelings" and hunches about the market an actual functional system, not something to be dismissed or laughed at. Choosing a button to press based on the stimuli determines whether the stock is bought or sold, Eagleman revealed in his presentation.
For institutions dealing with more than just single transactional decisions, Eagleman's vest, which also is named with the acronym VEST, for Versatile Extra-Sensory Transducer, could provide a feel for information that would otherwise have to be pulled from stores of reference data, and then processed or interpreted to yield insights.
This is an exciting idea, even more impactful than finding similarities between natural neurological data processing and automated financial markets data processing. VEST, if used widely as a tool to manage data for a portfolio, could both streamline reading and understanding of reference data, and increase the accuracy of the processing of data, by also using another human sense to read that data. It could serve as a check or balance on flawed reading and evaluation of data as performed by mere fallible human eyes and brains.
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
AI set to overhaul market data landscape by 2029, new study finds
A new report by Burton-Taylor says the intersection of advanced AI and market data has big implications for analytics, delivery, licensing, and more.
New Bloomberg study finds demand for election-related alt data
In a survey conducted with Coalition Greenwich, the data giant revealed a strong desire among asset managers, economists and analysts for more alternative data from the burgeoning prediction markets.
Waters Rankings 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won two categories in this year’s Waters Rankings: Best reporting system provider and Best enterprise data management system provider.
How ‘Bond gadgets’ make tackling data easier for regulators and traders
The IMD Wrap: Everyone loves the hype around AI, especially financial firms. And now, even regulators are getting in on the act. But first... “The name’s Bond; J-AI-mes Bond”
Waters Wavelength Ep. 293: Reference Data Drama
Tony and Reb discuss the Financial Data Transparency Act's proposed rules around identifiers and the industry reaction.
Industry not sold on FIGI mandate for US reg reporting
Banks’ and asset managers’ tortured relationship with Cusip numbers remains tortured, as they tell regulators to keep the taxonomy in play.
Waters Wavelength Ep. 292: Fencore’s James Crosby
James Crosby joins the podcast to talk about the evolution of buy side tech and data decisions.