FactSet and CG Blockchain Form Strategic Relationship to Provide Order and Execution Management Coupled with Blockchain Techn...
February 08 2018 - 7:58AM
FactSet, a global provider of integrated financial information,
analytical applications, and industry-leading services, announced
today a strategic relationship with CG Blockchain, a developer of
blockchain technology for the investment industry. Through this
relationship, FactSet clients will have access to CG Blockchain
products through its BCT Fundstore. CG Blockchain’s current and
future clients will also use FactSet’s industry-leading Portware
execution and order management capabilities, delivered as FactSet
OEMS, for trade execution, analysis, order generation, and
compliance efforts.
FactSet OEMS is a configurable, "thinking" order and execution
management system designed to act as the central platform for the
creation and execution of trading strategies across asset
classes.
As an extension of CG’s current product, ComplianceGuard, BCT
Fundstore offers a suite of blockchain apps built upon a robust
compliance framework.
The powerful combination of FactSet’s OEMS solutions and CG
Blockchain’s Fundstore brings to market one of the first times
blockchain technology is directly integrated with an OEMS for
real-time, persisted, immutable recording of transactions to a
distributed ledger—helping investors achieve new levels of
transparency and security.
“Hedge funds and asset managers are looking to adopt disruptive
technologies; meanwhile, global regulatory authorities are
demanding increasing levels of transparency and accountability to
protect the end investor. It is critical for established technology
partners like FactSet to continue to evolve our solutions to both
meet current client needs and set the standard for future
technology initiatives globally,” said John Adam, Senior Vice
President, Global Head of Portfolio Management and Trading
Solutions, FactSet. “CG Blockchain has harnessed a new, innovative
technology that raises the bar for compliance. The integration of
Fundstore and FactSet OEMS will offer institutional investors
visibility and timeliness that was previously unavailable from a
third party.”
“This is an extremely exciting initiative that I believe is
nothing short of transformational,” said Bob Bonomo, President, CG
Blockchain. “This mutually beneficial alliance plugs FactSet into
the multi-hundred billion-dollar blockchain market that is
currently experiencing exponential growth—and it gives FactSet
clients access to institutional-grade blockchain-based apps and
tokenized ecosystems. Each of these factors positions FactSet for
increased market share and places it at the forefront of this
industry segment.”
Learn more about FactSet’s Trading Solutions by visiting:
https://www.factset.com/products/buy_side_tradersLean more about CG
Blockchain by visiting: https://www.cgblockchain.com/
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
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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 CG Blockchain
CG Blockchain, Inc. brings the power of
blockchain to investors through BCT Fundstore, a suite of
cryptocurrency trading apps and blockchain tools built upon the
robust, ComplianceGuard framework, making it safer and easier for
investors to trade cryptocurrency. CG Blockchain is a growth-stage
company, based in New York.
FactSet
Media Relations Contact: Amy
Bowman203.810.2144Abowman@factset.com
Investor Relations Contact: Rima
Hyder857.265.7523Rima.hyder@factset.com
CG Blockchain Media Relations Contact: Rob Green 310-804-1812
rgreen@cgblockchain.com
Investor Relations Contact: Simon Timm 646-639-5563
stimm@cgblockchain.com
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