Tech and big data disrupt trading
Synopsis
On Brexit day, 30 billion data updates were distributed in 24 hours, reflecting the massive demand for data in trading markets.
Synopsis
David Craig, president of Financial and Risk at Thomson Reuters, discusses the rapid changes in trading due to technology and big data. He notes a significant shift in responsibility from sell-side to buy-side firms, which now manage more complex risk and compliance issues. On Brexit day, Thomson Reuters distributed 30 billion data updates, reflecting the growing demand for data. Craig emphasizes the increasing role of machines in trading, with more revenue now coming from automated systems than from human users.
Deep Dive
Why Watch
- See how Brexit impacted data distribution.
- Find out why machines are replacing humans in trading.
- Meet David Craig discussing market changes.
Did You Know
- On Brexit day, 30 billion data updates were distributed in 24 hours.
- Thomson Reuters collects a petabyte of data each day.
- There are now more customers who are machines than humans in trading.
- The cost of data access is increasing despite technology costs decreasing.
Perfect For
Frequently Asked Questions
What are the three big forces affecting the trading market?
The three big forces are more regulation, economic challenges, and new technology.
How much data did Thompson Reuters distribute on Brexit day?
Thompson Reuters distributed 30 billion data updates in 24 hours on Brexit day.
What significant shift has occurred in customer demographics for trading data?
There are now more customers who are machines than humans, with more revenue coming from the machine side.
What are people saying?
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