Juno Markets Creates Big Data Labs for IB Analytics Services

Juno Markets, an Asia focused global brokerage, has announced today that it has established a new team that will deliver actionable insights based on Big Data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term to its partners and IB’s. The dedicated team will be called Juno Data Labs and will be based in Hong Kong’s IT Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term, Cyberport.

Juno Markets was created with a specific focus on partnerships, and the IB program most of all. As such, today’s launch of the Juno Data Labs is hailed by the broker as an important addition to the suite of services available to its IBs.

Morten Fillipsen, co-CEO of Juno Markets, elaborates on the new team: "Having worked with data intelligence in this industry prior to founding Juno Markets, I know the impact that properly analyzed data can have on a broker. Predicting client behavior and focusing your sales and retention team’s efforts can have a substantial effort on productivity.

As a broker, we are able to evaluate large sets of data, from trading history to website behavior, and some very clear patterns can be identified in these. Since we believe our partners know their local clients best, we feel that this insight will ultimately help them improve the service level and lead to a better experience for the client.”

As for examples of the type of analysis they will provide, the firm explains that the Juno Data Labs team works with IBs to help them to identify top performing clients, struggling clients in need of some assistance, clients with more potential, etc.

Additional insights will be around service related issues such as “what is the best time to contact my client?” or determining customer service staffing needs as part of the standard recommendations. Juno Data Labs' services are free of charge for all IBs.