Important Developments In Altdata For The Buyside

  • Eagle Edge: Eagle Alpha will announce the first third party dataset to be hosted on Eagle Edge at our “Access & Alpha” event in London on October 12th.
  • Demand For Luxury Goods Slowing: shares in companies across the luxury goods sector fell sharply yesterday on a warning from LVMH that consumer demand may be slowing. On October 3rd and 5th Eagle Alpha published two Insights reports that pointed to slowing consumer demand for Burberry and Tapestry based on our proprietary Search Signals indicators. These trends appear to be aligned with the comments from LVMH yesterday.
  • Standardized DDQ: Simmons & Simmons joins our working group that aims to standardize Data Due Diligence (DDQ) questionnaires.


Events You Should Attend

  • Events: final call for complimentary tickets to our ” Access & Alpha ” event in London on October 12th where you can meet with 25 alternative data vendors.  Panellists include APG, Blueshift, Jupiter, Cantab and Schroders. Our next event will be held in New York on November 29th. Register your interest: events@eaglealpha.com.
  • Meetings: our next Data Forum event will be held on November 1st (online). We will discuss data due diligence questionnaires and the standardized metadata schema.


What Datasets Are Getting Traction?

  • Dataset in demand (quants): this data vendor provides compliant bank transaction data sourced from debit/credit card data covering six territories (Australia, France, Germany, Spain, United Kingdom, South Africa).
  • Dataset in demand (discretionary): this vendor covers 95% of China’s e-commerce market and 50% of Japan’s e-commerce market. It provides analysis on the industry, brand and store levels.
  • New alternative dataset: an event detection and sentiment data provider in 14 different languages.


Data Science Lab

  • Open sourcing this week: TagMe, developed by researchers at the University of Pisa, provides entity tagging back to specific Wikipedia pages (which can contain Ticker symbols useful for mapping in investment applications). While this tool was initiated some time ago, TagMe and its sister APIs WAT and SWAT are under continuous development today.
  • What we are reading this week: Notebook innovation at Netflix – an overview of Jupyter notebook use at Netflix for everything from data engineering to data science to job scheduling. A two part series, It provides good insight into usage strategies for the ever-popular notebook ecosystem. Part 1 and Part 2.


Legal & Compliance Developments 

  • Standardized DDQ: our next working group will work on the standardization DDQs. It will involve buyside firms, alternative data vendors and law firms Lowenstein Sandler and Simmons & Simmons. Contact us by emailing enquiries@eaglealpha.com to join the working group.
  • Standardized Trial Agreement: in early September we published the first standardized trial agreement for the alternative data space. It involved comments from 12 buyside firms and 4 vendors of alternative data. Get in touch to obtain a copy.


Best Practices Your Firm Should Be Thinking About 

  • HR Best Practices: we have teamed up with recruitment firm Options Group to produce a white paper that outlines HR best practices for the Buyside. Click here to read it.
  • Benchmarking: increasingly clients ask us how their setup compares with their peers. Contact us to discuss this.


How Experienced Firms Are Making Efficiency Improvements 

  • Standardized Metadata: we have formed a working group to standardize the metadata that describe alternative datasets. Contact us to join the working group.
  • Sharing Groundtruth Data: two clients asked us to create an initial working group to explore the concept of sharing esoteric groundtruth data that is not available from traditional sources.


Updates To Our Solutions: 

  • Altdata.tv: to gain unique marketing exposure contact us to schedule an interview. Email: connect@altdata.tv.
  • Data Forum: following feedback from clients we redesigned the Data Forum product to offering four key components; legal & compliance, efficiency improvements, best practices and industry developments.
  • Eagle Edge: our platform enables fundamental analysts to work with alternative data without the need for additional data engineering and data science. Contact us for a demo of Eagle Edge.


Update For Alternative Data Vendors

  • Altdata.tv: to gain unique marketing exposure contact us to schedule an interview. Email: connect@altdata.tv.
  • DDQs: we have started a working group to standardize dataset due diligence questionnaires. If your firm would like to participate email dataforum@eaglealpha.com.
  • Events: our events are exclusively for the buyside and vendors. For each event we invite 25 vendors to present (elevator pitch, exhibit and 1-on-1s) to the buyside. Apply now for our New York event on November 29th 2018.
  • Trial agreement: we worked with buyside firms and vendors to produce a standardized trial agreement. Vendors can obtain this for free if they have a full profile (including sample data) on our database.
  • Dashboards: to help you access traditional fundamental investors we are building customized dashboards on top of alternative datasets. Contact us to learn more.


Notable News in the Alternative Data Space

Contact us – enquiries@eaglealpha.com.