An ex-Morgan Stanley trader resurfaced at an AI alternative data firm

iSentium, an AI fintech firm that uses machine-learning algorithms to turn social media sentiment into tradeable alternative data, has got a new president and COO. It recently hired Raymond “Ray” Tierney III, a former managing director and the global head of trading and execution in the investment management division of Morgan Stanley and the CEO of trading solutions at Bloomberg Tradebook.

Tierney is a big name. He ranked first in Institutional Investor’s 2016 Trading Technology 40 and spent 15 years as a trader at Morgan Stanley during a 36-year career in financial markets. He left Bloomberg Tradebook following an apparent restructuring ahead of MiFID II in March 2017 and has been advising on the board of various start-ups since. Subsequent to Tierney’s exit, Tradebook announced that it was outsourcing all equities execution services to Goldman Sachs.

At iSentium Tierney will report to CEO, Gautham Sastri. iSentium uses patented Natural Language Processing (NLP) to extract sentiment from unstructured social content like Twitter feeds and Stocktwits.

Originally published May 3, 2018 by efinancial careers.