Data Science and Trading
The recent proliferation of cryptocurrencies has made young people more interested in informatics, statistics and data mining. The most successful traders tend to be the ones who treat their activity as a science, not a cheap thrill. This is why data scientists are more valuable than ever before when it comes to trading. Experts from a plethora of fields can help fintech companies offer trading services by analyzing data, laying out strategies and implementing innovative techniques.
Firms such as Cane Bay Partners are continuing to build on data science’s capabilities, and help fintech companies grow. As data science is such an expansive field, there are many different trading services that can benefit.
Technical Trading
Graphs, charts and statistical analysis are crucial to technical trading. Signals to buy or sell an asset are easier to find when a data scientist is available to help. Looking for divergence or convergence requires a clear understanding of index or stock graphs, which might be perplexing to new traders. On top of this, a trader must analyze futures contract prices in real-time in order to spot convergence on the delivery date. The end of the delivery is usually when a trader should act fast, so … Read more