Finance Breaking news GoldenSource launches Quant Workbench tool last financial news

Breaking-Finance.Com - GoldenSource has launched a new Quant Workbench tool that enables financial institutions to better leverage their data by running superior analytics and quantitative research directly on best available reference and pricing data.

Finance Breaking news GoldenSource launches Quant Workbench tool last financial news

Breaking-Finance.Com - GoldenSource has launched a new Quant Workbench tool that enables financial institutions to better leverage their data by running superior analytics and quantitative research directly on best available reference and pricing data.

Finance Breaking news GoldenSource launches Quant Workbench tool last financial news
16 September 2020 - 09:00

Breaking-Finance.Com - The new solution sits on top of GoldenSource’s existing data management system so that financial institutions can allow their quant developers and research analysts to do their work on approved validated data sources. As part of the Quant Workbench package, GoldenSource will also provide sample calculations covering both buy side and sell side use cases. For example, on the sell side, the tool allows quants to build volatility surface models - which are required for valuations and risk management of options portfolios. On the buy side, the tool can be used for portfolio risk and optimization techniques such as Capital Asset Pricing Model (CAPM) and Factor-based returns optimization.On the buy side, with interest rates at rock bottom, a more streamlined approach to analytics has become increasingly important to asset managers in their hunt for yield enhancement.

. While on the sell side, there has been a longstanding need to get quants and analysts working off approved centralised data sources in a bid to cut data cost, reduce terminal usage and leverage data that is common across trading desks.Commenting on the new solution, Charlie Browne, Head of Market Data and Risk Solutions division at GoldenSource, said: “Regulatory pressures and the need to improve investment returns is pushing firms to seek out alternative ways to leverage their data. Our Quant Workbench tool will allow both banks and asset managers to enhance their existing data management programmes to include quant and analytics capabilities. Portfolio data, investment factors and curves, surfaces, risk factors and historical time-series can now all be sourced by quants and data scientists from a single location using a single IDE (integrated development environment) - dramatically reducing costs as a result.”

Source = Breaking-Finance.Com

Financial breaking news

This news 34 hits received.

Finance Breaking news GoldenSource launches Quant Workbench tool last financial news


Finance Breaking news GoldenSource launches Quant Workbench tool last financial news


Finance Breaking news GoldenSource launches Quant Workbench tool last financial news


Finance Breaking news GoldenSource launches Quant Workbench tool last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Barclays launches Eagle Lab Farm to boost UK agriculture last financial news
Finance Breaking news Barclays launches Eagle Lab Farm to boost UK...
Finance Breaking news FactSet agrees to buy ESG data firm TruValue last financial news
Finance Breaking news FactSet agrees to buy ESG data firm TruValue...