GAT Unveils Precision Data, Analytics Service For CMOs Based On Drexel's FIRA

MARKET DATA & NEWS

Global Advanced Technology Corp. (GAT) has unveiled its Precision PC-based CMO analytics and database product. Precision will rival the CMO content of the Bloomberg Financial Markets service, but customers may balk at Precision's high price.

Like Bloomberg's CMO content, Precision is built around Drexel Burnham Lambert's Fixed Income Research and Analysis system (FIRA), which GAT and others licensed at a Drexel liquidation sale last year. What makes Precision different, GAT says, is that it

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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