Building an open and trustworthy alternative data ecosystem
Alternative data has been discussed for years, but has recently seen a spike in popularity and interest in the broader community. Hundreds of new data providers have entered the alt data space, hoping to build a long-term business selling data to financial services companies, while existing financial information companies have introduced their own offerings, looking to capitalize on the emergence of this new segment of the market. Enabling the integration and use of such a disparate set of data sources will require the development of a new set of standards. The alt data industry also needs to adopt ethical and legal frameworks that will build trust in how data is being accessed, used and shared. This webinar will provide a number of recommendations for both alt data providers and users, with the aim of helping to create a more open, trustworthy data ecosystem.
What the webinar will cover
- What is alternative data?
- How is alt data currently accessed, used and shared?
- Ethical and legal considerations in alt data
- Improving access to alt data
- Recommendations and next steps
Job titles:
Quantitative, Quant, Chief Investment Officer, Head of Information Technology, Machine Learning Engineer, Systematic Strategies Researcher, Chief Data Officer, Data Architect, Data Scientist, Head of Market Data, Market Data Manager, Portfolio Manager, Quant Developer.
Why:
To find out more about the alt data industry’s need to adopt codes of practice: ethical and legal frameworks that will build trust in how data is being accessed, used and shared. Without taking these steps, users of these new data sources may be exposing themselves to a range of legal risks around the use of personal data, or material non-public breach of information. Adoption of these standards will help all alt data industry participants and ensure long-term sustainability of alt data use in financial services.
