cross pond high tech
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light views on high tech in both Europe and US
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Interview with Quantopian's CEO, John Fawcett

Interview with Quantopian's CEO, John Fawcett | cross pond high tech | Scoop.it

After he left Tamale, Fawcett started spending time with quantitative traders (i.e., quants) and the more he learned about how they created trading algorithms, the bigger and bolder his next idea became. The outcome of his thinking led him to a pivotal insight: the time had come to disrupt the exclusive world of quantitative hedge funds. How would he do it? By harnessing the power of crowdsourcing to build a community of quants, feeding that community with lots of data and incentivizing the community (through regular contests and events) to produce new strategies that could be used in live trading. Today, that unique approach has been transformed into one of the mostly closely watched fintech companies in America. For the company’s next act, Fawcett and his co-founder, Jean Bredeche, are hard at work in laying the foundation to launch an in-house hedge fund utilizing strategies generated from its 100,000+ member community. The FR’s Gregg Schoenberg recently sat down with Fawcett to learn more about his company and the bold moves he’s making to level the playing field in one of the most lucrative — and heretofore undisrupted — corners of the investment management universe.

Philippe J DEWOST's insight:

When Quantitative Trading mingles with the Crowd. Will 2017 see the advent of new types of investment funds backed with thousands of LPs ?

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L’Âge de la multitude

L’Âge de la multitude | cross pond high tech | Scoop.it

La révolution numérique est derrière nous. Des milliards d’êtres humains sont aujourd’hui instruits et informés, équipés et connectés. Leur désir de créer, de communiquer et de partager n’a jamais rencontré autant de possibilités de passer à l’acte. Ces milliards d’individus composent une « multitude » puissante, mouvante et active, qui bouleverse l’ancien ordre économique et social et ouvre la voie au troisième âge du capitalisme.

 

La multitude est désormais la clef de la création de valeur dans l’économie. Qui sait susciter, capter et redistribuer la créativité de la multitude peut devenir un géant de l’économie numérique. Qui accepte et nourrit la multitude peut gouverner avec une efficacité jamais atteinte. A l’inverse, qui ne voit pas que l’essentiel de l’intelligence et de la puissance est en dehors de son organisation risque de se faire balayer par les champions de l’économie numérique : ceux qui, par des innovations radicales, font alliance avec la multitude. La multitude est devenue la clef du succès des organisations. Elle est la richesse des nations d’après la révolution numérique.

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How Waze's crowd-sourced data helped FEMA deliver the gas after Sandy

How Waze's crowd-sourced data helped FEMA deliver the gas after Sandy | cross pond high tech | Scoop.it
With gas shortages rampant following Hurricane Sandy, FEMA and the White House turned to crowd-sourced navigation app Waze to gather data on where to send gasoline fueling trucks.
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