FactSet Acquires Revere Data


FactSet Acquires Revere Data
Thursday, September 05, 2013

http://www.factset.com/news/revere

FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS), a leading provider of integrated financial information and analytical applications to the global investment community, today announced it has acquired Revere Data, LLC.

FactSet acquires Revere

Over the last decade, Revere has built a dynamic industry taxonomy that offers investors a unique way to classify companies and analyze how they fit in the global economy. Revere also offers a robust database of supply chain relationships that helps investors identify companies’ interrelationships and mutual dependencies, as well as a comprehensive geographic revenue exposure database to manage geopolitical and macroeconomic risk.

“Revere’s data solutions help refine interesting ideas and strategies so investors can better identify opportunities and measure risk exposure throughout the global equities and derivatives markets,” explains Phil Snow, Senior Vice President, Director of Global Content Sales at FactSet. “The addition of Revere’s specialty data complements FactSet’s commitment to provide clients with unique and insightful content sets.”

“At Revere, our data sets help unlock and maximize value for our customers and partners,” explains Kevin O’Brien, Chief Executive Officer of Revere Data. Adds Vivian Ramos, Chief Operating Officer, “We’re delighted to join FactSet as we share a common goal: to deliver innovative products that offer clients actionable insight.”

The acquisition of Revere is not expected to have a material impact on fiscal 2014 diluted earnings per share.

About FactSet
FactSet, a leading provider of financial information and analytics, helps the world’s best investment professionals outperform. More than 48,000 users stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet’s desktop analytics, mobile applications, and comprehensive data feeds. The Company has been included in FORTUNE’s Top 100 Best Companies to Work For, the United Kingdom’s Great Places to Work and France’s Best Workplaces. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE: FDS | NASDAQ: FDS). Learn more at http://www.factset.com, and follow us on Twitter: http://www.twitter.com/factset.

About Revere
Revere Data, LLC, is the leading provider of industry classification and supply chain specialty data, analytics, and index solutions for the global financial services industry. Revere’s data is invaluable for traditional to alternative asset managers seeking alpha generation opportunities and better risk management capabilities. Index owners and fund sponsors use Revere to create innovative investment products for customers ranging from institutions to retail investors.

Data providers confident that demand from Asia will double


Demand for market data services in Asia is set to expand rapidly over the next few years, believes Frank Piasecki, the president and co-founder of ACTIV Financial Systems. ACTIV is adding ten new markets in the region to its global data feed coverage this year.

via Pocket http://www.thetradenews.com/Asia_Agenda_Archive/Data_providers_confident_that_demand_from_Asia_will_double.aspx July 31, 2013 at 07:39PM

Olivetree Financial Group Selects Sungard To Deliver Securities Lending Data And Analytics To Clients


Olivetree Financial Group, a leader in evidence-based finance, has selected SunGard’s Astec Analytics to provide the users of its OTAS platform with faster, more comprehensive securities lending data.

via Pocket http://www.mondovisione.com/media-and-resources/news/olivetree-financial-group-selects-sungard-to-deliver-securities-lending-data-and/ July 01, 2013 at 06:53PM

Knowsis Offers Social Media Sentiment Data to Support Trading Strategies


Knowsis Offers Social Media Sentiment Data to Support Trading Strategies

http://low-latency.com/blog/knowsis-offers-social-media-sentiment-data-support-trading-strategies/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-27

Start-up data and analytics firm Knowsis is working with an initial five clients to incorporate its social media sentiment data into their trading strategies. The company declines to name the clients, but says one will go live imminently with strategies built around signals from Knowsis data, while others are considering how to add sentiment data as an additional parameter to their strategies.

London-based Knowsis was formed as a private company in January 2012 with seed investment from Method Investment and Advisory, a funds and quant trading house that Knowsis can also work with to develop and check its concepts. Knowsis’ founder and CEO Oli Freeling-Wilkinson is joined by chief technology officer Mark Unsworth, a technologist and developer most recently working with online music company 7digital, and two further employees.

The company was conceived by Wilkinson in 2010, when there was little financial market recognition of the potential of social media, but he says the question now is no longer whether social media is important, but how to use it. He adds: “Any quantitative trader, hedge fund or risk manager should be interested in data that is proven to help make decisions and money.”

While the company isn’t naming names – its own is based on gnosis, the Greek noun for knowledge – it has worked with quantitative funds to test the use of social media sentiment data in trading strategies. The tests were based on a portfolio of stocks, with each stock being given a sentiment rating based on social media activity and simple trading strategies then being devised. The company says all trading strategies in the test generated returns above those achieved by major indices over the same time period.

Knowsis’ methodology is based on one overarching question: will sentiment make a difference to asset prices? With this in mind, its analysis identifies underlying behavioural trends rather than supporting a ‘trade by tweet’ approach.

The company initially considered using third-party sentiment data systems that are frequently used by large consumer brands to support its service, but found these lacked financial relevance. Instead, it has built technology from the ground up to mine, manage and analyse vast quantities of data produced by social media. It uses scrapers and similar technologies to gather data and filters about 1% of Twitter’s 400 million daily tweets using in-house built algorithms designed to identify Tweets that have financial relevance. It also looks at Facebook, but only to a limited extent as it is a closed system, and scans further blogs and forums that it chooses not to name as it fears malicious activity could skew results. The platform is data agnostic, meaning any social media source could be used to feed the algos and it also includes a machine learning element.

Once data is collected, a sentiment analysis tool is used to aggregate underlying behaviour around an asset and the asset is given a number on the scale of -100 (bearish) to +100 (bullish). A list of securities, predominantly macro assets and some stocks, and their sentiment scores is then made available to users via an application programming interface that is updated in real time, although Knowsis notes the volatility of intra-day conversation and prefers to promote end-of-day aggregated sentiment data that can be validated and checked for false or misleading information.

The company is working across financial markets and includes high frequency, low latency traders that pick up signals in real time, but its drive is towards understanding rather than speed. Wilkinson explains: “Knowsis is not about ultra low latency delivery, but about longer term underlying behaviour trends. The aim is for end-of-day data to be used to project how certain asset classes may behave during the next week.”

With five clients in its portfolio and R&D ongoing, Knowsis’ next plan is a sales push and a search for specialist market data partners that can distribute its social media sentiment data on a global scale.

Apama CEP platform to be acquired by Software AG


Software AG is buying Progress Software’s Apama complex event processing (CEP) platform for an undisclosed sum.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/14/apama-cep-platform-to-be-acquired-by-software-ag.html June 15, 2013 at 06:59PM

MarketAxess adds CDS data to BondTicker


Trading platform and technology provider MarketAxess has added live intra-day data for credit default swaps (CDS) to its BondTicker data service.

via Pocket http://www.thetradenews.com/USA_news/Operations___Technology/MarketAxess_adds_CDS_data_to_BondTicker.aspx June 04, 2013 at 07:12PM

CQG Labs web-based testing site re-launched


CQG Labs web-based testing site re-launched

http://www.automatedtrader.net/news/at/142745/cqg-labs-web_based-testing-site-re_launched

CQG Labs re-launched with multiple new prototypes

Denver, COCQG has launched the latest iteration of its CQG Labs web-based testing site. CQG Labs (cqglabs.com) serves as a test bed for experimentation with alternate forms of data and analytics delivery to the trading industry using a cloud infrastructure.

The new improved CQG Labs offers three times the number of prototypes compared to the selection available in the site’s original launch. Key additions include:

  • An Orders & Positions widget allowing existing CQG customers to receive trading information on mobile devices.
  • Charting and analytics explorations in the areas of footprint-style charts and futures roll visualization.
  • Two widgets developed in collaboration with strategic partners: a US Treasury yield curve with custom symbology calculation from API partner Arbsoft LLC and a spread strategy overlay widget from @TheHemi.

“CQG Labs is creating excitement both with our customers and throughout our organization. CQG Labs fosters a strong collaborative environment between CQG’s internal experts and our customers while providing a platform for us to express and deliver the fruits of this collaboration widely and rapidly,” said Marcus Kwan, CQG’s Vice President of Product Strategy and Design. “As we move through the year, customer feedback will inform our efforts to push in innovative directions in the mobile realm.”

Regulatory Oversight Committee Updates LEI Development Progress (Courtesy of the A Team Group)


http://www.referencedatareview.com/blog/regulatory-oversight-committee-updates-lei-development-progress/?utm_source=weekly&utm_medium=email&utm_campaign=rdr_13-04-24-general

The Regulatory Oversight Committee (ROC) of the global legal entity identifier (LEI) initiative has made its second report on development of the LEI system, detailing progress in each of the three tiers that make up the system and noting ongoing plans for pre-Local Operating Units (LOUs) and pre-LEIs. The report does not address the burning issue of hierarchical reference data that will ultimately be required for each legal entity.

The report is the first to be published on a web page dedicated to the ROC rather than on the website of the Financial Stability Board, which handed over responsibility for the LEI system to the ROC in January, and adds detail to the LEI ahead of an A-Team webinar, Practical Applications of the Global LEI – Client On-Boarding and Beyond, taking place today, Tuesday April 23.

The ROC reports that work at the top level of the system, creation of the ROC, is largely complete. The ROC currently includes 50 members and 19 observers from around the world and has established an Executive Committee and the Committee on Evaluation and Standards as outlined in the ROC charter. It has also created two working groups, one focussing on funding issues, the other on the appointment of a board of directors for the Global LEI Foundation.

The Global LEI Foundation will govern the second tier of the LEI system, the Central Operating Unit (COU). The ROC agreed at its first meeting in January 2013 that the foundation should be established in Switzerland and counsel has now been hired to draft the statutes to register the foundation with Swiss authorities and obtain tax-exempt rulings. Final criteria for selection of the board will be completed soon by an ROC working group and the nomination process for the foundation’s first board will then start.

The third tier of the system covers LOUs that will assign LEIs. So far, seven pre-LOUs have been authorised by the ROC – in the US, Germany, Ireland, Turkey, Palestine, Russia and France – with DTCC acting as a pre-LOU in the US and assigning pre-LEIs, in this case CFTC Interim Compliant Identifiers or CICIs on behalf of the Commodity Futures Trading Commission. In Germany, WM Datenservice is issuing pre-LEI German Entity Identifiers on behalf of the German regulator Bundesanstalt für Finanzdienstleistungsaufsicht.

The ROC reports that it is working on the design of processes to integrate LOUs with the COU, drawing on advice from the Private Sector Preparatory Group (PSPG). It is also developing a procedure that will give pre-LEIs global recognition and transition them into the global LEI system. Details of this procedure will be disclosed shortly.

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FSB moots development of global trade data utility


In its fifth quarterly progress report on international efforts to push over-the-counter derivatives trading to electronic platforms, the FSB states that not one of the 24 jurisdictions under its aegis have fully implemented guidelines first laid down in 2009.

via Pocket http://www.finextra.com/News/FullStory.aspx?newsitemid=24741 April 19, 2013 at 11:58AM

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