On the back of a very successful launch in India in 2011 in the Retail Brokerage space, the expectation was that it would be a key vertical for us in Europe and North America as well.
While Heckyl is indeed being received quite well in this space, we have also seen a large interest from a number of other financial services verticals. We suppose that this should not be too surprising, given the vast range of data and analytical tools that Heckyl has to offer.
Taxonomy is the science of the classification of things and when implemented effectively it helps us to retrieve relevant information in a timely manner.
The Best Taxonomy
The Global Industry Classification Standard (GICS) and Industry Classification Benchmark (ICB) are an industry taxonomy developed for use by the financial community, when classifying companies. These Sector classifications are probably the best-known taxonomy in the financial field. However, in trading since it is all about relevancy and contextual information, at Heckyl, we believed that a new level of taxonomy was needed that could analyse data – be it news, events or companies – at a much more granular level. Our taxonomy is therefore based on machine learning, which goes beyond keyword matching. Read the rest of this entry »