Refinitiv, an LSEG company, has announced an agreement that makes its comprehensive quantitative data suite now available on Snowflake’s Financial Services Data Cloud.
Today’s financial services industry faces the challenge of rapidly adapting to a digital economy based on efficient and cost-effective solutions that meet the growing needs of its customers. Asset managers and hedge funds can now access Refinitiv quantitative data alongside existing Snowflake providers and proprietary data on Snowflake’s Data Cloud, which is configurable to run in multiple AWS and Azure cloud regions.
Making Refinitiv’s quantitative data available through Snowflake means that quantitative researchers are freed from the burden of managing data infrastructure and can spend more time developing and testing investment strategies, optimizing portfolios, manage risks and access and integrate new datasets. This is accomplished while leveraging Snowflake’s data sharing capabilities to drive collaboration between teams, partners, and customers, who now enjoy faster onboarding, faster delivery of updates, elimination of costs associated with server and database maintenance and a scalable solution to meet their needs. performance requirements. The platform integrates and delivers a wide range of global markets and reference data in a standardized database with unified symbology, all with the flexibility and security of a single cloud platform.
Austin Burkett, Head of Quantitative Analytics and Content at Refinitiv, said, “Our customers need solutions that help speed up and simplify the process of capturing and matching data. Our quantitative analytics service is a long-standing and trusted offering in the market, and delivering it through Snowflake amplifies its value for our mutual customers. We’re excited to partner with Snowflake because we share the goal of making data more easily accessible and usable.
Matt Glickman, Director of Financial Services Industry for Snowflake, said, “The Snowflake Data Cloud enables financial services customers to seamlessly discover, access and collaborate with data without the traditional issues of moving data around. data, resulting in faster insights and decision-making. We are extremely pleased to partner with Refinitiv to improve the workflows of quantitative researchers who now have the ability to integrate, join and query their own portfolio data, Refinitiv financial forecasts, fundamental data and market, topical ESG content as well as new alternatives. data sets. »
Refinitiv Quantitative Analytics on Snowflake provides a scalable platform for managing, maintaining, and integrating quantitative analysis and investment data. The platform provides an extensive repository of over 60 financial data, quantitative alpha models, and other third-party and alternative datasets. The system integrates disparate data sets by mapping multiple identifiers, matching and normalizing data, and adjusting corporate actions, allowing clients to quickly explore the performance of their investment hypothesis across a wide range of trading conditions. market.
Refinitiv Quantitative Analytics manages continuous content updates to its database 24/7, eliminating the administrative burden on customers. Proprietary data may also be integrated to accompany third-party and Refinitiv content. This content includes Datastream pricing (stocks and indices), I/B/E/S estimates, Worldscope fundamentals and StarMine models, as well as ESG data for sustainability and ethical conduct metrics.
For more information on Refinitiv Quantitative Analytics, please visit: https://www.refinitiv.com/en/products/refinitiv-quantitative-analytics
Refinitiv, a London Stock Exchange Group (LSEG) company, is one of the world’s largest providers of financial market data and infrastructure. Refinitiv propels participants into the global financial market. We provide information, insights and technology that enable clients to execute critical investing, trading and risk decisions with confidence. By combining a single open platform with best-in-class data and expertise, we connect people with choice and opportunity – driving performance, innovation and growth for our customers and partners. For more information visit: www.refinitiv.com