A fool with a tool is still a fool

Machine Learning is getting a lot of buzz. I hear questions from our clients as we have successfully implemented it in our trading surveillance tool. We use machine learning to score the likelihood that trading activity is similar to known cases of spoofing, or layering. Did you catch that? We use Machine Learning for a specific business purpose. We all read Twitter feeds, blogs, and stories about other applications, tools, and techniques. These include discussions on BlockChain, Algorithmic Trading, Cloud Computing, Agile, and Continuous Delivery to name just a few. Yet, when looking at many of these discussions one sees that the tool or technique will “transform” or “revolutionize” or deliver on some vague all encompassing promise. All these tools and techniques do have promise. They all have great applications…

Link to Full Article: A fool with a tool is still a fool

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