The Cloud-based service means asset managers and hedge funds can get faster access to data for new quant initiatives and spend more time testing strategies, optimizing portfolios and managing risk.
London/New York – Building on its commitment towards consumption of its financial data in the Cloud, Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure.
QA Direct in the Cloud builds upon the industry-leading QA Direct platform, offering a scalable platform to manage, maintain and integrate quantitative analysis and investment data. The platform delivers the largest repository of financial data along with quantitative alpha models and other
With QA Direct in the Cloud, Quants can spend more time developing and testing investment strategies, optimizing portfolios and managing risk, as they are freed from the burden of managing and operating their data infrastructure themselves. QA Direct in the Cloud provides customers with quicker on-boarding, faster delivery of updates, removes cost associated with servers and database maintenance, and is scalable to meet customers’ performance requirements. The platform integrates and delivers a huge 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.
“The ability to leverage more disparate data sets than ever before to develop new and differentiated investment strategies has become critical to achieving alpha for fund managers, with speed of access becoming an increasing issue to remain competitive in the
“Investment strategies are only as effective as the content and analytics used to inform
With QA Direct in the Cloud,
QA Direct can be easily linked to statistical and portfolio optimization software packages, such as SAS, Matlab, R and S-PLUS. Open Database Connectivity (ODBC) compatibility also allows easy links to statistical packages and modern programming languages such as Python and C#. QA Direct in the Cloud uses Azure SQL Database, all contracted through
To learn more about QA Direct, click here.