Tuesday, January 3, 2012

Innovative Service Leveraging the Cloud

I'm always on the lookout for new and interesting ways the Cloud is being leveraged, and EdgeBook, a forthcoming securities data service, meets that criteria. With Xignite, the EdgeBook Cloud service will allow compliance officers,traders, analysts and academics to retrieve replays of a given market day and its order book.

The GUI will enable slicing of specific segments of historical data to use for back-testing and analysis. In keeping with scalable conventions, accessing data will be totally self-service.

Kevin Carrai, Connectivity Services at Direct Edge, says, this approach “...enables us to provide an innovative, valued-added product with a rapid time-to-market."

I've been involved in knowledge management and data mining since the 1980s, and relish the thought of inexpensive data analysis tools on the web, available to anyone -- the democratization of information continues unabated, thanks to andTBL.

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