Waters Rankings 2019: Best Performance Measurement & Attribution System Provider: FactSet
Prior to 2019, there were five different winners of this category. But for the first time, there’s a repeat winner: FactSet, which also won in 2017. StatPro, Bisam, S&P Capital IQ, Convergex are the other previous winners. FactSet won thanks to its B-One and Portfolio Analysis (PA) offerings, which arose in response to three industry trends: consolidating workflows, optimizing data sharing between front and middle offices, and client demand for vendors to provide more of a service rather than multiple, independent tools.
“What we see is that the front [office] is demanding more and more precise numbers,” says Sean Murray, director of product strategy at FactSet. “The B-One tool is designed to deliver precision, and the portfolio analysis tool is designed to deliver that precision to the front [office].” He adds that even small blips in the data—as small as mislabeled dates—can be detrimental, particularly in the growing space of passive investment, where returns are already smaller.
The last 12 months have seen a flurry of updates to the tools, namely the two becoming one through the introduction of a unique workflow. Clients need only provide data once. From there, the data runs through the calculation engine, essentially the legacy B-One component, while synchronizing to the PA tool.
Second, Murray says a lot of time was spent on enhancing FactSet’s distribution technology. Some clients asked for a tool that would let them simply view results, he says, rather than power the results process, giving way to the new Portfolio Insights tool, a distribution tool that sends B-One results throughout a firm and directly on front-office desktops, and is packaged within Portfolio Analysis.
Looking ahead, Murray identifies the wealth space as a growth sector for the company. In terms of product development, the company will continue to be centered on attribution, and he predicts a strong emphasis will be placed on building out risk analysis and expanding existing multi-factor models.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Women in Technology & Data Awards 2024: All the winners and why they won
- DTCC urges affirmation focus ahead of T+1 move