Nasdaq Just Launched A New Platform With Alternative Data Sets

Nasdaq Inc NDAQ announced Tuesday the launch of a new analytics platform meant to help the buy side offer better investing insights.

The platform, called the Nasdaq Analytics Hub, consists of social media sentiment, central bank communications, retail sentiment, technical factors and event-based signals. It's the second product to be launched from Nasdaq's Innovation Lab, a team established to address the growing proliferation of alternative data sets on Wall Street.

“The Nasdaq Analytics Hub reflects our partner-based approach of collaborating with key start-ups — like Lucena Research — to apply machine intelligence on proprietary and third party data sets to create new signals that investors may not have been able to access on their own,” said Terry Wade, senior vice president and head of business development and product of global information services, Nasdaq in a release. “We’ve implemented a rigorous process whereby we use machine intelligence to normalize, validate and back-test the data to ensure the resulting outputs translate into multiple real-life investment use cases.”

What's Being Offered

The current data sets offered as part of the Nasdaq Analytics Hub are:

• PredictWallStreet: polls millions of retail investors to produce long and short signals with high levels of alpha.

• iSentium: transforms unstructured social media content into powerful sentiment indicators.

• Prattle: quantifies the language of central bank and corporate communications creating directly tradable signals.

• Nasdaq Dorsey Wright: identifies investment ideas by ranking stocks, ETFs and mutual funds from strongest to weakest based on Relative Strength analysis.

Nasdaq intends to continually to add new data sets and data sources to the platform.

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