Investors using alternative data could fall foul of European Union market abuse rules as regulators may see some of the data as non-public information, according to lawyers.
Derived from non-traditional sources of information about companies and the economy, such as social media, credit card transactions and bank trading flows, new datasets are a hot topic in systematic investing. But whether some such data can be deemed public or not is a “grey area”, and investors found to be using non-public
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