How Big Data Is Monitoring Good and Bad Traders


The ability to monitor Wall Street traders is ready to move to another level. Global trading firms, like Bank of America Corp. (BAC) and JPMorgan Chase Co. (JPM), are working with tech companies to develop systems that will monitor emotions and activities of traders aimed at boosting performance and compliance, according to Bloomberg Observing the benefits from analyzing customers, trading firms are extending the powers of harnessing big data and algorithmic monitoring for their own employees, the traders in particular. Varying levels of blood pressure, heartbeat, stress, sweating, and emotional changes offer key insights into trader's behavior. Success has been reported in such ongoing experiments at academic institutes like MIT and Kellogg School of Management, as well as at startups like Humanyze and Behavox. While major functions of a financial firm, like M&A advisory or securitization, are team-based and time-bound, trading is individual-centric and impulsive decision-based activity.

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