The Web 2.0 wave is slamming into Wall Street. Sharing and social networks that once seemed antithetical to the zero-sum world of money are finding their places in investing. From social stock-picking, to new and tradable web-based data, to search, all of these Web 2.0 technologies are showing up on Wall Street.
Blogs, Boo-yah, and the Future of Financial Media
Jim Cramer ( TheStreet.com/CNBC)
So-called amateurs have a bad rap in capital markets. Most professional investors sniff at such people, but Jim Cramer, host of CNBC's Mad Money, has done more than anyone else to celebrate them.
Open Source Finance: A Contradiction in Terms?
Tim O'Reilly (O'Reilly Media, Inc.)
Some think open source technologies are fundamentally at odds with the zero-sum world of capital markets. Can you make money sharing some of your intellectual property? Increasingly we are seeing investors share technologies, ideas, and, yes, find more profits.
Search, Dark Pools, and Disappearing Traders: A Financial Technology Roadmap
Larry Tabb (TABB Group)
Dark pools, algorithms, disappearing traders—the markets are being transformed by technology. Capital is increasingly disappearing into markets where immense computational power is required to find trading parties; and algorithms are replacing traders at many funds.
Break: Morning Break
Data Demos: Real Estate, Wikis, and the Web
Michael Simonsen (Altos Research Corp.)
Data is oxygen for stock markets. The trouble is, interesting new data is increasingly scarce, and existing data—like financial and earnings figures—are like mines picked over the point of exhaustion. Enter the Web.
If You Had Everything Computationally, Where Would You Put It, Financially?
David Leinweber (Haas School of Business at UC Berkeley)
Technology has transformed investment and trading over the past 30 years. Markets have become computer networks, brokers are disintermediated by direct access and algo trading. Reporters are disintermediated when investors have access to primary sources at the same time they do.
12:00pm-1:15pm (1h 15m)
Building An Expert Exchange: Networks in Decision-Making
Alexander Saint-Amand (Gerson Lehrman Group )
More and more decision-makers around the world in all industries are turning to expert networks—communities of top thinkers, managers, and scientists—to help them make decisions.
Main Street Research Meets Wall Street: How Social Networking is Transforming Online Investing
Thomas A. Desmond (TradeKing)
TradeKing was the first online broker-dealer to embrace social
networking, introducing the TradeKing Community in 2005. Now, with
more than two years under its belt - and 60,000 active traders &
community members - TradeKing demonstrates how social networking is
changing trading, to its own and its clients' benefit.
Learning to Think Like a Financial Markets Hacker
Steve G. Steinberg (Steinberg Consulting)
Wall Street is largely populated by hackers. Major funds, like Renaissance Technologies, are run by ex-computer scientists, and they are among the hottest firms on Wall Street. Where do they look for data? How do they find an edge?
Sure, Data, Data Everywhere, But Is Any of It Any Good?
Keith Ackerman (Thomson Financial)
In the current web-based data explosion, buyers and sellers of financial data are struggling to stay relevant and ahead. What data matters any more? What doesn’t? How do you know? Where do you look?
Building a Better Information Beast: What Will it Take
Randall Winn (Capital IQ)
The news and information business is changing rapidly. There is simply
far more of it, with thousands of stories moving on major newswire on
any given day, but there are also hundreds of market-moving niche
sites and blogs.
Consumer Finance 2.0: What Happens When Investors Really Manage Their Money?
Jason Knight (Wesabe)
Web 2.0 is all about collaboration, about people helping one another, sometimes consciously, and sometimes less. A new generation of money management tools exploits this emerging phenomenon, and Wesabe is a great example.
The Future of Online Financial Discussion
George Tsiolis (AGORACOM)
AGORACOM is a second-generation financial community that has successfully eliminated epidemic levels of spam, bashing and profanity that plagued first-generation communities.
Social Networks: A New Tool For Alternative Research
Mike Gamson (LinkedIn)
Over the last five years, technological innovations driven by Web 2.0 companies have changed the way business is conducted around the world. In this session we will explore some of those innovations and their impact on the investment management process.
Break: Afternoon Break
Google as Prediction Market
Bo Cowgill (Google Economics Group)
Most people don’t know it, but Google is running one of the largest internal prediction markets in the world. In a sense, the fast-growing company has brought Wall Street inside, creating a marketplace to help it make decisions.
Do Something About the Weather: Make Money!
David Friedberg (The Climate Corporation)
Everyone talks about the weather, including investors. Weather data is rapidly becoming a crucial source of data about retail trends, catastrophe bonds, and event insurance. If you can't do anything about the weather, how do you make money from it?
Data: Making Money from Air Travel
Rick Seaney (FareCompare.com)
Travel is one of the most technology-enabled industries, with a rapidly increasing amount of information exposed through travel-related sites. What can be done with this data? Rick Seaney will show us.
Echoes & Whispers
John Mahoney (InfoNgen)
Everyone complains about the existing news wires, but no one's willing to wade through all the noise online to monitor alternative sources of information.
Motley Fool CAPS: Investors Helping Investors Beat the Market
John Keeling (Motley Fool CAPS)
About a year ago, we started generating stock ratings from the collective wisdom of the Motley Fool community and Wall Street analysts. In a little more than a year, we’ve collected ~1.5 million stock recommendations on over 7000 stocks. 5300 stocks have met our threshold for achieving a CAPS rating. But can community-generated stock ratings benefit your stock research?