A-Team Insight Blogs

Crux Informatics Goes Live with Data Quality/Transformation Offerings as New CEO Freiberg Takes Helm

New York-based financial data delivery platform operator Crux Informatics has launched two new services, Crux Data Protect and Crux Wrangle, to help firms ensure data quality and transform datasets to meet internal requirements. The company has also hired a new CEO, Will Freiberg, who has replaced founder and ex-Thomson Reuters desktop head Philip Brittan, who stepped down in March.

The new leadership and product launches follow Crux’s raise at the beginning of the year of $36 million in new funding in a round including Citi, Goldman Sachs, Morgan Stanley and reference client Two Sigma. Freiberg most recently held leadership positions at cloud technology specialists D2IQ and Mesosphere as well as a series of advisory and board roles for tech firms in the San Francisco area. Co-founder Brittan remains with the company focused on various partnership and advisory initiatives.

Crux Data Protect allows users to monitor data quality and anomalies across all datasets on the Crux Platform, creating validations and defining thresholds that meet their data needs across a variety of different categories, including freshness, completeness, accuracy, formats and distributions. Crux Wrangle gives users the ability to transform data pipelines so data is presented exactly how they want it, and includes data transformation functions that allow users to format, fill, filter, calculate, combine, and reshape data any way they choose.

“This is effectively data quality-as-a-service, and data wrangling-as-a-service, something that can be implemented and managed by an operations team rather than an expensive coding team,” says Michael Rude, Head of Go to Market at Crux Informatics. “We already have a really good set of base cases that service 75% of our client demands. Over the course of this year, we’re going to be offering increasingly complex wrangles and data quality validations, such as joining multiple files, aggregating data, and pivoting it in such a way that clients can see a very specific view across a number of data sets.”

The two new services are designed to provide analytics-ready data, allowing users to focus on the data science rather than getting bogged down with data quality checks, normalization and transformation tasks. “Clients are increasingly asking for help with data quality and content validations, not just technical validations,” says Rude. “They need a data hub that provides not just data delivery, but analytics-ready data, personalised data, and data that’s ready to be ingested into applications for a range of use cases.”

Crux’s objective is to provide a unified approach to data engineering, says Rude. “CIOs and CTOs are increasingly looking to outsource data management, but you really cannot outsource and leverage a third-party application without capabilities like these.” Crux Data Protect and Crux Wrangle are now fully operational on any data pipeline delivered via Crux.

Related content


Upcoming Webinar: The evolution of market surveillance across sell-side and buy-side firms

Date: 21 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and...


The Rise and Rise of the Financial Data Marketplace

By Mike O’Hara, A-Team Special Correspondent. Data is often cited as the most essential resource in today’s global economy, with many of the world’s most valuable companies, including Amazon, Facebook, Microsoft and Google parent Alphabet profiting massively from how they collect, use and sell data. In financial markets, investment and trading firms have traditionally sourced...


RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.


Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...