Bye-Bye, Wall Street: New Flavor Of Big Data May Be More Lucrative For Quants
(by David Leinweber)
My last post (“Speed Is Making The Market Dangerous. Nascar Shows How We Can Make It Safer.“) was about the kind of big data produced in financial markets. People are interested in that because of the perceived value in it. But if we measure by entrepreneurial energy, especially in Silicon Valley, there is more perceived value in the new flavor of Big Data than the old.
This idea was particularly vividly stated to me by George John, the CEO of Rocket Fuel, a fast-growing Big Data science firm in the Valley. George, and his lead quant jock, Mike Benisch, both have quant investing cred, having worked on Wall Street, and read “Nerds on Wall Street,” and they invited me over for a visit.
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