Thomson Reuters
Helps Drive Greater Accessibility to Quantitative Analysis for
Buy-Side with Launch of QA Point Powered by Elsen
Cloud-based QA
Point enables portfolio managers to more quickly add backtest
analytics into fund management
NEW YORK, April 12, 2017 -- Thomson Reuters has
launched QA Point, a cloud-based application that enables asset
managers to utilize quantitative approaches in making investing
decisions, designed to assist in creating increased productivity,
better results, and accelerated internal collaboration among
investment professionals. QA Point utilizes a point-and-click
interface and access to Thomson Reuters content, all with fast
performance.
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Portfolio managers continue to look for new ways to optimize the
risk / return profile of their investment strategies, including the
use of quantitative models. However, this presents challenges for
traditional asset management firms that generally do not have
highly technical "Quants" needed for quantitative analysis work,
particularly for backtesting of models. Furthermore, increased
pressure from investors is driving a need to improve collaboration
and productivity in the investment management process.
As a cloud-based solution, QA Point can potentially add value
immediately. It is designed to eliminate the time needed to install
software on premises and the costs associated with continuously
maintaining such solutions. It also offers increased flexibility,
enabling the user to access QA Point using a web browser
irrespective of location. Furthermore, the product facilitates
greater collaboration by making it easier to share models and
strategies within an organization's research team.
"Now more than ever, asset managers need cost-effective,
transparent solutions that drive collaboration throughout the
investment management process," said Pradeep Menon, managing director, global head of
Advisory and Investment Management, Thomson Reuters. "QA point
gives asset managers tools that were typically only possible with
highly skilled developers and quantitative analysts, enabling them
to take advantage of investment techniques that help deliver
results for their clients."
With QA Point, users can access a wide range of data and content
including Thomson Reuters I/B/E/S and Worldscope Fundamentals, as
well as third-party content. All of the content and data is
integrated into a single, global standardized database with a
comprehensive symbology mapping, facilitating easier data
management. Users also have access to StarMine Quantitative
Analytics and stock section models, with transparency into the
underlying inputs so users can more confidently employ complex
stock selection factors into their models.
Once models are created, users can conduct backtesting – often
one of the most time-consuming steps in the investment management
process – in minutes, not days. QA Point offers a wide variety of
statistical measures, strategy analysis tools, built-in factor
testing tools, and data visualization which could significantly
speed up the time it takes to backtest new models.
QA Point was created on the Elsen nPlatform, designed to give
financial institutions a foundation to build web-based applications
that allow users to more easily harness, understand and help make
quick decisions with vast quantities of data without a team of
expert programmers.
"Thomson Reuters is one of the most respected sources for
financial news and data in the world, and has never stopped
innovating new ways to help its clients drive more value from its
data," said Zac Sheffer, Elsen's
co-founder and CEO. "By choosing to partner and build QA Point on
the Elsen nPlatform, Thomson Reuters has once again shown its
commitment to delivering solutions on the cutting edge of today's
technology. We're looking forward to helping Thomson Reuters
deliver continued value to its clients."
QA Point is available in North
America and will be available in Asia and EMEA later this year. More
information on QA Point can be found here.
About Elsen
Elsen is the Platform-as-a-Service company for large financial
institutions. The Elsen nPlatform enables anyone to effortlessly
harness vast quantities of data to make better decisions and
quickly solve the most complex problems. The company is
headquartered in Boston and is
backed by a combination of venture capital and hand-picked angel
investors from the financial community including Accomplice/Boston
Syndicates (BOSS), Sequoia Strategic Advisors, Bret Siarkowski and Hyperplane Venture Capital.
For more information, visit http://www.elsen.co/ or follow
@ElsenInc on Twitter.
Thomson Reuters
Thomson Reuters is the world's leading source of news and
information for professional markets. Our customers rely on us to
deliver the intelligence, technology and expertise they need to
find trusted answers. The business has operated in more than 100
countries for more than 100 years. Thomson Reuters shares are
listed on the Toronto and New York
Stock Exchanges. For more information, visit
http://www.thomsonreuters.com/.
CONTACTS
Brian Bertsch
+1-646-223-5985
brian.bertsch@thomsonreuters.com