Apache® Spark™ News

Strategies for Modernizing Investment Data Platforms

The appetite for investment was at a historic high in 2020 for both individual and institutional investors. One study showed that “retail traders make up nearly 25% of the stock market following COVID-driven volatility”. Moreover, institutional investors have piled on investments in cryptocurrency, with 36% invested in cryptocurrency, as outlined in Business Insider . As investors gain access to and trade alternative assets such as cryptocurrency, trading volumes have skyrocketed and created new data challenges. Moreover, cutting edge research is no longer restricted to institutional investors on Wall Street — today’s world of investing extends to digital exchanges in Silicon Valley, data-centric market makers, and retail brokers that are investing increasingly in AI-powered tools for investors. Data lakes have become standard for building financial data products and research, but they come with a unique set of challenges: