Global Tone Communication Technology Co., Ltd. (GTCOM) held the "Alternative Data: The New Oil" on January 9, 2019, an event attended by industry leaders in big data, finance, science and technology, and the media. As part of the conference, GTCOM demonstrated its newest achievements and global presence in the field of financial big data with focus on the role that alternative data plays in the transformation of financial quantification as well as the role of big data in the empowerment of financial supervision technology.

Conference site

GTCOM CEO Eric Yu, under the theme of "Alternative Data: The New Oil," elucidated the connotation of alternative data and its value in the field of financial quantification. Yang Delong, managing director and chief economist of First Seafront Fund, explained the "top ten predictions for 2019." Vidak Radonjic, the CEO of Berry Consultants, talked about "looking for excess returns from alternative data." At the financial innovation roundtable forum, Zhang Yuguo, the president of ReedExpo China; Qian Qimin, co-director of the Research Department of Shenwan Hongyuan Securities Co., Ltd.; Wang Jin, the R&D director of Yongan Futures; and Liu Yafei, the founder of FinTech & Free Fund, exchanged views on "shaping new finance with financial technology" and explored the future of financial quantification technology.

Ecological connectivity: Alternative data empowers financial industry

Mr. Yang Delong, early in the meeting, explained the current economic situation and the status quo of the capital market and then put forward the top ten predictions for the future development of quantitative investment in 2019. He noted that the impact of alternative data on the financial industry is arguably the most disruptive worldwide. He asserted that artificial intelligence and big data are used in the financial field to evaluate and serve individual users through data analysis and technical models, adding that such methods are expected to find broader use in investment analysis on a large scale.

Yang Delong, managing director and chief economist of First Seafront Fund, gives a speech

Alternative data is increasingly applied by financial quantification institutions, given the rapid development of AI big-data technology. Mr. Yu explained that alternative data is nontraditional data for financial transactions, which can seek unique global quantitative value and obtain excess market returns. Alternative data is a supplement to traditional financial data, which can provide market insights from different perspectives and thereby enhance the accuracy of data simulation.

GTCOM, in its effort to maximize the value of alternative data, uses NLP financial market sentiment algorithms based on leading big data algorithms and financial data analysis capabilities to quantitatively calculate multidimensional reference factors such as policy factors, sentiment factors, risk factors and growth factors. By fitting the data from the SSE Composite Index covering the past ten years, Mr. Yu showed that the predicted value of the model can more accurately reflect the actual situation. Additionally, he introduced the quantitative data based on the financial index research platform and showed the guests how such data can play an important role in decision-making and obtain an excess return on investment.

Additionally, Mr. Yu demonstrated the strength and practical achievements of GTCOM in exploring the value of the world's vast amounts of financial alternative data from the perspectives of financial quantification, market sentiment, machine-readable news and data assets. "The power of computers is beyond human imagination," he said.

GTCOM CEO Eric Yu delivers a keynote speech

The integration of the financial industry and new technologies continues to deepen and intensify. Thus, the alternative data of the fund industry can be analyzed quantitatively and evaluated by value. Vidak Radonjic interpreted the application value of alternative data in quantitative research, stock index prediction, commodity trading and other fields from a global perspective. He explained that the application of alternative data is constantly extending to all investment strategies, and by providing more comprehensive sources of data and information to capture unforeseen phenomena, alternative data can enhance the competitive advantage of investment while making analysis more efficient.

Vidak Radonjic, CEO of Berry Consultants, delivers a speech

Win-win cooperation: Alternative data explores new markets

GTCOM reached a strategic partnership with Shenzhen Securities Information Co., Ltd., by which the two companies jointly developed the Hong Kong Stock Index 100, a next-generation big-data index product.

According to Deputy General Manager Xing Jingping, alternative data provides a new market in which everyone can learn the trend of the market earlier and thereby explore the value of the market. He offered as an example the ability to explore the Hong Kong market and study big-data indices so as to bring new options to investors. Mr. Yu in turn said the vast amounts of global alternative data should be used to measure the true value of listed companies with big data.

As the first strategy index based on vast amounts of global alternative data, the Hong Kong Stock Index 100 quantitatively analyzes the top 100 stocks, which are ranked in terms of value assessment. Thanks to its strong, forward-looking performance and data traceability, the Hong Kong Stock Index 100 tracks hot topics in the market, doing so more accurately and profitably.

The signing site

Alternative data leads financial innovation

The guests in the financial innovation roundtable forum had an intensive discussion based on the theme of "shaping new finance with financial technology." Mr. Zhang Yuguo pointed out that only with huge amounts of data, powerful computing and professional experience is it possible to grasp the pain point, improve efficiency and maximize the value of alternative data. Mr. Qian Qimin asserted that, as to the question of whether alternative data can be accepted by the market, effectiveness is very critical and multidimensional factors are the basis. Mr. Wang Jin noted that traditional data is difficult to meet the demand, while alternative data can do so by providing different perspectives and supplementations. For alternative data, the first to find their way out will also be the first to enjoy dividends, Mr. Liu Yafei said.

Guests have in-depth discussions

Given the continuous development of financial and big-data technology, GTCOM will deepen its emphasis on financial big data so as to tap the huge value of the huge amounts of global alternative data. Therefore, GTCOM, being positioned to become a new Bloomberg or a new Reuters in the era of financial technology, will continue to explore big data and artificial intelligence with the use of cutting-edge technologies to mine new oil in the digital economy. Thus, GTCOM will promote the development of financial quantification technology and lead new changes in the realm of finance.