As a company Heckyl is known for its big data capabilities finding, collecting, analysing and visualising millions of data sources from around the world, to provide actionable financial insight. This data can then be provided to end users, such as retail traders to help them make informed investment decisions.
However valuable big data also resides within financial institutions and if analysed and visualised in the right way, can be even more powerful. This is the other side of Heckyl’s approach; working with clients to harness the data they have internally, sometimes mixing it with the external data we also collect. Read the rest of this entry »
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What is Greece Debt crisis in laymen terms?
It starts with the government of Greece and their citizens. The government paid out generous pensions and benefits to its pensioners, as well as having an early retirement age for many government employees, as compared to other developed countries. This lead to a drop in productivity coupled with a high unemployment rate, while others believed they were too old to work and took early retirement to access the pension benefits. This lead to the government paying out more in pensions and benefits. However the government never had enough money to sustain the welfare system at this level.
If a country is spending by taking on additional debt, then it also needs to collect equal or more revenue to meet those spending figures.
Any rumor or news can break out from any source. As highlighted in our previous blog post, A Needle in the Digital Haystack, spotting opportunities from these new data sets is very valuable. A trading opportunity can come from any source at any time, which makes it necessary to track a huge number of sources but also filter out noise at the same time.
We are very pleased to announce that SunGard, one of the world’s leading software and technology service companies, has chosen to use Heckyl’s news and sentiment analysis services on their MarketMap terminal. The new content will be available to MarketMap users across North America, Asia and Europe.