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FactSet and Quantopian Announce Plans to Launch Financial Data Analysis Platform to Help Investment Industry Capitalize on Rapid Data Growth
April 26, 2018
NORWALK, Conn. and BOSTON, April 26, 2018 (GLOBE NEWSWIRE) -- FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, and Quantopian, a crowd-sourced asset manager and creator of the open-source quantitative finance platform, today announced a new strategic relationship and a plan to launch a pioneering data analysis solution called Quantopian Enterprise that allows quantitative financial analysts to research and test their investment strategies faster and more effectively.
Quantopian Enterprise combines Quantopian’s industry-leading technology and data from the Open:FactSet Marketplace, allowing clients to simulate how investment algorithms will perform in the real world. Investment professionals will have immediate access to a ready-built research and testing environment, reducing the ramp-up time experienced with traditional platforms. They will also gain access to the financial data, computing resources, and flexible tools they need to create and improve their investment strategies.
“New data sources are growing rapidly, but the tools needed to capitalize on them are not coming to market at the same pace,” said Rich Newman, SVP and Global Head of Content and Technology Solutions, FactSet. “Our work with Quantopian will give clients a powerful platform that addresses the need for better quantitative resources. Access to data alone is simply not enough.”
"With Quantopian Enterprise, quants now have the opportunity to research, craft, and test their investment strategies with even more speed and flexibility," said John Fawcett, Founder and CEO of Quantopian. “We are providing them with the tools, the data, and the environment they need to help reshape how data is used in the investment industry."
FactSet’s alliance with Quantopian follows the successful launch of the Open:FactSet Marketplace and continues the company’s expansion into open data solutions. It will also benefit Quantopian’s 195,000 community members who will have access to FactSet's pre-integrated data in the Python-based research environment in order to explore hypotheses, evaluate factors, and backtest strategies.
About FactSet FactSet (NYSE:FDS) (NASDAQ:FDS) delivers superior analytics, service, content, and technology to help more than 88,000 users see and seize opportunity sooner. We are committed to giving investment professionals the edge to outperform, with fresh perspectives, informed insights, and the industry-leading support of our dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly ranked as one of Fortune's 100 Best Companies to Work For and a Best Workplace in the United Kingdom and France. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow on Twitter: www.twitter.com/factset.
About Quantopian People everywhere come to Quantopian to learn about quantitative finance. Our community members research investment ideas, build algorithms with wide-ranging data, win prizes in our daily contest, and work toward becoming eligible for an allocation to their strategy. With Quantopian, anyone can create and potentially profit from their investing strategies – regardless of where they live, their gender, their economic status, what school they attended, or where they work. The result: more than 195,000 people from over 190 countries have joined the Quantopian community, testing more than 8 million strategies and, in the process, radically rethinking how individuals can be a part of the asset management industry. To learn more about Quantopian, please visit: www.quantopian.com.