Boston, MA (PRWEB) November 23, 2012
Sheamus McGovern, Chief Technology Officer along with Daniel Gerlanc Managing Director of Analytics at Capital Market Exchange were part of the winning team at Boston’s first Big Data Hackathon, held on November 17th at hack/reduce’s offices at Kendall Square. The team employed cluster analysis to find relationships in large data sets.
The teams recognition by the Hackathon judges as the winner of their challenge is a testament to their world-class skills and expertise. At Capital Market Exchange, Sheamus McGovern and Daniel Gerlac have been the driving force behind the creation and development of Sentiment-Adjusted SpreadTM, a groundbreaking means of incorporating market participant’s top-of-mind concerns into corporate bond pricing.
“We are proud of their achievements and recognition by hack/reduce as the winner of their Hackathon,” said Sarah Biller, President and Founder of Capital Market Exchange. “The judges at hack/reduce had a chance to see the powerful analytic insights that Sheamus and Daniel brings to our clients through their work.”
Hack/Reduce was established in Boston in partnership with the State of Massachusetts and in collaboration with MIT and Harvard universities. The organization works closely with developers, data scientists and domain experts to create cutting edge Big Data technologies and applications.
Capital Market Exchange had developed a unique fixed income analytics platform for institutional investors. Through its Sentiment-Adjusted SpreadTM, Capital Market Exchange quantifies factors driving current bond spreads and generates a common reference point for price calculations from the market consensus, thereby providing investment teams a view on emerging credit risks, enabling better forward-looking investment analysis and decisions.
For more information, visit http://www.capital-market-exchange.com.