Traders Magazine: Quant Traders Focus on Quality Data

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Excerpt:

Timely data that is primary-sourced to meet strict compliance practices and updated throughout the day is much sought after in capital markets, according to Michael Raines, Director of Quant Data Solutions at Wall Street Horizon.

The data must be readily explainable – everything from the methodology in sourcing the data, to the content of the data, to access to the data analysts and engineers who research, update and deliver the data, he told Traders Magazine. 

“Also something that is overlooked and should be considered a given: are there detailed technical specifications provided that will explain all content. Can trial data be readily provided – either history or live data?” he said.