FactSet, a provider of integrated financial information, analytical applications, and services, has partnered with Quantopian to launch a financial data analysis solution.
The new solution, dubbed Quantopian Enterprise, will allow quantitative financial analysts to research and test their investment strategies ‘faster and more effectively’.
It pairs FactSet’s experience in data aggregation and integration with Quantopian’s quantitative finance software. The platform provides everything needed to research and develop effective quantitative investment strategies, supporting the workflow end-to-end, including research, alpha factor construction, portfolio optimisation, strategy simulation, and evaluation.
“New data sources are growing rapidly, but the tools needed to capitalize on them are not coming to market at the same pace,” said Rich Newman, SVP and global head of content and technology solutions, FactSet. “Our work with Quantopian will give clients a powerful platform that addresses the need for better quantitative resources. Access to data alone is simply not enough.”
Quantopian is a crowd-sourced quantitative investment firm, which looks to inspire talented people from around the world to write investment algorithms. The company provides capital, education, data, a research environment, and a development platform to algorithm authors (quants).
Its technology and data from the Open:FactSet Marketplace will allow clients to simulate how investment algorithms will perform in the real world. Investment professionals will have access to a ready-built research and testing environment, an will gain access financial data, computing resources, and flexible tools.
“With Quantopian Enterprise, quants now have the opportunity to research, craft, and test their investment strategies with even more speed and flexibility,” said John Fawcett, founder and CEO of Quantopian. “We are providing them with the tools, the data, and the environment they need to help reshape how data is used in the investment industry.”
Earlier this year, Alberta Investment Management Corporation (AIMCo) selected FactSet as its investment risk management solution. The Canadian-headquartered institutional investment manager said it will implement FactSet’s Professional Services Group, giving it access to FactSet’s solutions for risk management, portfolio analytics and investment research.
FactSet provides its services to investment managers, hedge funds, investment bankers, wealth managers, consultant and advisors, government agencies, and to the private equity industry.
It brings together industry expertise, reliably connected data, portfolio analytics and client reporting, and strategic partnerships to address many regulations and standards, including: BCBS 239, MAR, BMR, MiFID II, Dodd-Frank, PRIIPs KIDs, FATCA, Rule 12d3-1, Form N-PORT, SEC 1940 Act GIPS, Solvency II, IRS Section 871(m) , U.S. DOL Fiduciary Rule and KYC and AML.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
