Alternative Data Expert Joins Nasdaq's Quandl

Tech-dominated stockmarket Nasdaq has appointed a Head of Data Strategy and Sourcing for its Quandl alternative data service. Evan Reich was formerly Global Head of Data Strategy and Sourcing at hedge fund BlueMountain Capital.

Nasdaq's technology powers more than 100 marketplaces in 50 countries, and the exchange is home to more than 4,000 total listings with a market value of c.$14tn. Reich was a data engineer at Millennium Management before joining BlueMountain - and was a contributor to the 2017 Nobel Prize in Physics for his work on LIGO, an observatory used to view gravity waves.

He brings in-depth knowledge of alternative data, and will lead the exchange's strategy to find new data sources relevant to Quandl's customers. At BlueMountain, he sourced and managed alternative data and market and reference data, managed all data vendor relationships and oversaw data engineering.

Alternative data is information from non-traditional financial sources used to inform investment decisions and other financial strategy, in particular non-financial payment reporting such as the utility payment data currently being added into consumer profiling systems by Equifax.

CEO Tammer Kamel comments: 'Evan has a deep, first-hand understanding of the buy-side and great insight into how investors can get the most out of alternative data. As a former client of Quandl, he brings a fresh perspective to the table, and we're looking forward to working with him as we continue building unique and proprietary datasets'.

Web site: www.nasdaq.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.