Articles

Finally, a decent use for big data: Weeding out crooked City traders

Financial institutions in London could use “big data” technology to pinpoint malpractice by City traders in future, a panel advising the Bank of England has said.

The Market Practitioner Panel (MPP) said existing methods of monitoring for illegal trading practices, such as “key word surveillance”, were flawed and that deploying big data technology is a “possible longer-term solution” to uncovering malpractice.

Source: theregister.co.uk

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