Refinitiv launches quantitative analytics via Snowflake’s Financial Services Data Cloud
Refinitiv, an LSEG business, announces an agreement that allows for its comprehensive suite of quantitative data to now be made available on Snowflake’s Financial Services Data Cloud.
Today’s financial services industry is challenged with quickly adapting to a digital economy built on efficiency and cost-savings solutions that meet the growing needs of its customer base. Asset managers and hedge funds can now access Refinitiv quant data alongside existing Snowflake vendor and proprietary data on Snowflake’s Data Cloud, which is configurable to run across numerous AWS and Azure cloud regions.
Making Refinitiv quant data available via Snowflake means that quant researchers are freed from the burden of managing data infrastructure and can spend more time developing and testing investment strategies, optimizing portfolios, managing risk, and accessing and onboarding new datasets. This is accomplished while leveraging Snowflake data sharing capabilities to drive collaboration between teams, partners and customers, who now have quicker on-boarding, faster delivery of updates, the removal of cost associated with servers and database maintenance, and a scalable solution to meet their performance requirements.
The platform integrates and delivers a wide range of global market and referential data in one standardized database with a unified symbology – all with the flexibility and security of a single cloud platform.
Austin Burkett, Head of Quantitative Analytics and Content, Refinitiv, said:
“Our clients require solutions that help speed and simplify the data intake and concordance process. Our Quantitative Analytics service is a trusted and longstanding offering in the market, and its delivery through Snowflake magnifies its value to our mutual clients. We are thrilled to be partnering with Snowflake, as we share the objective of making data more easily accessible and usable.”
Matt Glickman, Financial Services Industry Principal for Snowflake, said:
“The Snowflake Data Cloud enables financial services customers to seamlessly discover, access and collaborate with data without the traditional data movement challenges resulting in faster insights and decision making. We are extremely pleased to be partnering with Refinitiv to improve the workflows of quantitative researchers who now have the flexibility to integrate, join and query across their own portfolio data, Refinitiv’s financial forecast, fundamental and market data, topical ESG content as well as new alternative datasets.”
Refinitiv Quantitative Analytics on Snowflake offers a scalable platform to manage, maintain and integrate quantitative analysis and investment data. The platform delivers a large repository of 60+ financial data, quantitative alpha models and other third-party and alternative data sets. The system integrates the disparate data sets by mapping across multiple identifiers, concording and normalizing the data, and adjusting for corporate actions, allowing customers to quickly explore how their investment hypothesis performs under a broad range of market conditions.
Refinitiv Quantitative Analytics handles continuous content updates in its database 24/7, removing the administrative burden from customers. Proprietary data can also be integrated to sit alongside both thirdparty and Refinitiv content. This content includes Datastream Pricing (Equity & Index), I/B/E/S Estimates, Worldscope Fundamentals, and StarMine Models, as well as ESG data for sustainability and ethical conduct metrics.