A-Team Insight Blogs

FactSet Sets Out Development Plans for Data Exploration Platform

FactSet plans to roll out additional elements of its cloud-based FactSet Data Exploration platform that will deliver a fully hosted application production environment over the next six months.

The company introduced the platform on Microsoft Azure this summer offering content from the Open:FactSet Marketplace as well as programming tools including Microsoft SQL, RStudio and Python. Its aim is to allow users to evaluate financial and alternative data sets and build investment applications efficiently without the need to invest in IT infrastructure to test and adopt new datasets.

Two months after the introduction of Data Exploration, which can be used by clients with or without FactSet terminals, Rich Newman, senior vice president and global head of content and technology solutions at FactSet, says the platform is gaining interest. This is coming from large buy-side asset managers and hedge funds, as well as sell-side investment banks and advisory firms.

The company plans to add more datasets including alternative data to Open:FactSet Marketplace for use in Data Exploration, although Newman notes the need to scrutinise all data before it is brought into the marketplace and integrate the data to provide a single data environment.

The platform’s roadmap moves on from offering access to data to providing a data testing environment in the cloud, then a research environment to which firms can add their own data, and finally a production environment fully hosted in the Azure cloud and managed by data scientists building investment applications.

Newman concludes: “The platform is designed to help firms build investment strategies that generate alpha. It supports speed of development by moving production into the cloud, while Azure provides unlimited capacity for clients to test data.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: Data management implications of the Fundamental Review of the Trading Book (FRTB)

Don’t miss this opportunity to view the recording of this recently held webinar. Fundamental Review of the Trading Book (FRTB) is two years away. Significant data management changes and challenges presented by the regulation call for an early start on implementation. The webinar will discuss the challenges of FRTB and provide practical guidance on how...

BLOG

MDX Technology Breaks the Market Data Mould with Project IOWA

MDX Technology, a provider of real-time data distribution solutions for the global trading community, has introduced Project IOWA, a data driven ecosystem designed to redefine the way content owners and content subscribers meet and transact business by using flexible, multi-channel subscriptions to data. The aim of the initiative is to liberate content owners and subscribers...

EVENT

TradingTech Summit New York City

Our TradingTech Summit in New York City is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...