About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

State Street Global Exchange Builds Out Alternative Data Services

Subscribe to our newsletter

State Street Global Exchange (SSGX) is building out its data offering with alternative data services designed to provide unique market insight for its clients. The services include MediaStats, which aggregates media derived insights to provide an understanding of industry and macroeconomic trends; PriceStats, which provides high-frequency measures of inflation and real exchange rates drawn from prices on millions of items sold by online retailers; and Environmental, Social and Governance (ESG) Indicators, which are derived from a combination of third-party data providers, natural language processing and machine learning technologies.

The company also uses proprietary data to provide products such as GX Private Equity Index, which aggregates client cash flow data received as part of SSGX’s custodial and administrative services, and provides comparative information for private equity performance.

These data services reflect the company’s commitment to helping clients find new ways of using both public and proprietary data to inform investment processes – and there are more to come. David Pagliaro, senior vice president and head of EMEA at SSGX, says the company divides alternative data into five buckets: transactional, movement, climate and weather, sentiment and behavioural, and production data. It has solutions based on the transactional, sentiment and production buckets – namely PriceStats, MediaStats, ESG Indicators and GX Private Equity Index.

A recent addition to the portfolio is Verus, a mobile-first application that makes connections between news coverage and investors’ holdings through the application of big data, machine learning, natural language processing and human intelligence. The aim is to help investment professionals gain greater insights, mitigate risk, and generate alpha. To do this, the service gathers content from thousands of news services and combines machine learning algorithms with portfolio data from truView, State Street’s risk analytics platform, to create newsfeeds for users, score the relevance of news stories to portfolio holdings, and create alerts that help investors answer the question of whether they should care, or how much they should care, about reported news incidents, perhaps a fire at a factory in China.

Pagliaro says take up of these added-value and alternative data services is strong as asset managers look to buy off-the-shelf alternative data services rather than raw datasets from the hundreds of start-ups aiming to capitalise on investment companies’ growing interest in alternative data. Looking forward, he concludes: “We are just five years away from major use of alternative data in financial markets.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Streamlining trading and investment processes with data standards and identifiers

Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration. Due to this increased complexity of institutions’ data needs, however, information often arrives into...

BLOG

Unlocking the Value of Data as a Differentiator

The rhetoric around data as a strategic asset is now well established across capital markets. But as AI adoption accelerates and pressure mounts to deliver tangible outcomes, the real challenge is turning that rhetoric into operational reality. Access to data is no longer the constraint. What matters now is how effectively firms can organise, govern,...

EVENT

Data Licensing Forum 2025

The Data Licensing Forum will explore industry trends, themes and specific developments relating to licensing of financial market data from Exchanges and Data Vendors.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...