Investors are exploring the combination of machine learning algorithms — including deep neural networks (DNN), long short-term neural networks (LSTM), random forest, boosting and regularised logistic regression models — for stock picking purposes.

In this week's round up, we report on people moves at Tradeweb, Wall Street Horizon, Quandl and Causality AI. If you'd like to submit your new job or promotion, email press@neudata.co.

Blackfinch Group has launched an asset management business, which replaces its wealth arm and managed portfolio services (MPS) product.

Barclays Research has launched a new iteration of its UK consumer spending insights which tracks trends across more than 250 industries via online and in-store transactions.

The US Supreme Court has requested to hear from hiQ Labs before deciding whether it will take on LinkedIn’s appeal case against the data vendor in its 2020-2021 term.

The US Securities and Exchange Commission announced Wednesday that will require exchanges to revamp the public data feeds that provide information on real-time stock prices.  

Mobile app data provider Sensor Tower will continue providing data to institutional investors after receiving a USD 45m investment from Riverwood Capital, a technology-focused private equity firm.

Mobile app analytics provider App Annie has laid off an unconfirmed number of its staff, citing changes in the “current macroeconomic climate.”

Despite the recent market volatility and government guidance advising employees to work from home, hedge funds are still maintaining a strong recruiting presence for technical quant roles.

Maxar Technologies has spun off its MDA business unit to a group of private equity investors led by Northern Private Capital.