While most established hedge funds keep their trading systems at close quarters, Piquant Technologies outsources all its IT to third parties via the cloud, where multiple computing resources are shared by multiple and often unrelated users. However, Regulators are trying to keep up, raising concerns about how well the risks are monitored.
Hedge in the cloud: funds outsourcing computing power step into unknown
Tucked into the attic of a Georgian building in London's West End, seven people run a $200 million hedge fund following artificial intelligence formulas. But the supercomputers that process their complex algorithms are nowhere to be seen.
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