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Usage of Big Data and Machine Learning in Finance

Over a decade ago, High frequency trading (HFT) used to be part of very few financial firms, but now it is an integral part of every major financial firm and is key to drive the success of these firms. Many industry experts in the field are of an opinion that big data has started entering into the financial sector at a minute level for now and it will follow the same trend like the HFT in expanding into ever major company. It will be the major decisive factor in taking many calls in near future. On the technical level, many experts feel Machine Learning (ML) will take a dominating role in areas where Statistical techniques are now used for finance and risk management. ML with its ever increasing algorithms/techniques is an ideal replacement to humans in trading scenario, though it has its own caveats. It is seen that ML and Big data is going to lead a new revolution into the field of Finance. To read more:

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