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by chrisaycock
2190 days ago
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The business model I've eyed is to license to service providers, like securities brokers and data vendors in the finance industry. That way, their customers can execute queries in the cloud. For example, a crypto broker wants their traders to write their own models. A stock-exchange advisor wants their asset managers to compute their own transaction costs. Etc. Basically, Empirical will be a value-add component for existing customers of these larger providers. Instead of shuffling market data over the Internet, the user will "send the query to the data." Every firm I've shown Empirical to has had the same word-for-word response that most end users have had: "Does it handle streaming?" I put the sales calls on hold while I try to get this done. |
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