Bloomberg has launched Data Entitlements within the alternatives-focused ALTD function on its Terminal, integrating analytics from providers such as Placer.ai and Similarweb into the existing investment research platform.
The service reduces the delivery lag of key performance indicator estimates to between three and five days, Bloomberg said.
Richard Lai, global head of alternative data at Bloomberg, said the launch provides clients with “a multi-dimensional view of company performance and the ability to nowcast KPIs at a lower lag”.
Users can now access granular metrics, including web traffic and foot traffic data, alongside traditional financial reports and news. Alternative data consists of non-traditional information sets used by investors to evaluate company performance outside of standard filings and price feeds.
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