Episode 130: State Street Buys Charles River

Big news today, as it was announced that State Street is buying order management system (OMS) giant Charles River. Anthony and James give their initial thoughts, though a longer, well-reported feature will be coming next week. They also discuss the alternative data space and, specifically, climate change data. 1:30 Holy crap… State Street is buying Charles River for $2.6 billion. 4:00 What are some of the immediate concerns? 9:00 What will happen with the rest of the OMS space? 11:00 Climate change data—an inside look at how the likes of Man Group, UBS, Deutsche Bank, Axa Rosenberg and the European Bank of Reconstruction and Development are using these datasets. https://www.waterstechnology.com/market-data-data-analytics/3746441/end-of-days-data-climate-content-heats-up 23:15 There’s a problem facing the quant research field, as new studies are finding that a lot of discoveries that were taken as fact cannot be replicated. Our colleague on Risk.net, Faye Kilburn, spoke with a wide array of people and one thing she heard is that the combination of machine learning tools with alternative data is exasperating the problem. https://www.waterstechnology.com/market-data-data-analytics/data-consumers/3752886/fools-gold-data-mining-digs-up-explosive-errors 29:00 A more thoughtful World Cup recap, this time without a litany of beeps.