Alternative Data Pulse: Battlefin & Jefferies, and Benzinga NY event.

Over the past week there has been some interesting updates in this space.   Battlefin and Jefferies partnering in a more formal way.   This makes a lot of sense around Alternative data vendor sourcing, Battlefin’s testing tool and Jefferies wide customer base and ability to leverage Alternative data research.   Likely we will see other investment banks extend their alternative data labs into partnerships like this with outside players.  The horsepower and experience of sell side firms is a natural combination with the open new alternative data marketplaces /advisory firms. Our business, AltHub, is closing in on 400 providers and working on several projects here. If you like more information, please reach out to me.

Another event this past week was the Benzinga conference and we thank Jason and his team for a strong event.   While a broader conference, it had several alternative data and technology players present.   A few observations.   Nasdaq has definitely moved forward considerably with dozens of alternative data in their hub product.   They loads, test and deliver and likely to scale this up quickly.   I expect quite a few announcements from them in the near future. Satellite imaging technology, web scraping and clever text “cliff note” services were the most interesting.  If you like more details please reach out to me.  Thank you.