BST Awards 2019: Best buy-side newcomer (vendor or product)—Finbourne Technology
This category is perennially one of the more exciting to watch, as it offers a glimpse into the future. This year, it’s Finbourne touting the promise of tomorrow.
At the center of the vendor’s offering is Lusid, an open API-first investment platform geared toward the buy side. Lusid helps users to automate repetitive, non-value adding activities so they can focus on more complex investment strategies. It provides the ability to cut and view investment data in multiple ways, and allows for customization.
Thomas McHugh, Finbourne’s co-CEO, says asset owners want access to their own data to consolidate across managers and run their own analysis. With that heavy reliance on data to unearth insights previously not available, they also need the ability to process increasing amounts of data without having to bring in a flotilla of data scientists.
“Following significant investment, we launched Lusid,” McHugh says. “We’ve created software development kits in multiple programming languages, built hundreds of API end-points and had millions of API calls. We’ve been busy gathering feedback, understanding usage and really getting our heads around how customers are using our APIs and functionality.”
Over the summer, the vendor opened its Early Access Program, which comes with Exchange Data International (EDI) market data integrated as part of a free 90-day trial. This allows users to test and evaluate Lusid without the need to source, license, load and operate data feeds for static security data, prices and corporate actions. The platform enables clients to pull in data from multiple sources, get a single view of their positions, identify discrepancies and investigate differences in their data, and analyze their holdings by factors like trading strategy. “Because of our API-first approach, the system can also be quickly adopted by developers in their language of choice and, of course, deliver value immediately,” McHugh says.
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 [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] 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 [email protected]
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 [email protected]
More on Awards & Rankings
Waters Wavelength
Waters Wavelength Podcast: Episode 224
Wei-Shen and Tony are trying a different format this year with the podcast, and they start by discussing mental health and ways to help and support coworkers and friends.
Subscribe to Weekly Wrap emails
Most read
- A Fireside Chat with Marion Leslie (SIX)
- S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline
- Covid Re-Exposed Bond Market’s Liquidity Problems—Is Change Finally Here?
- Vendors Continue to Move Products, Services to the Cloud: Some Examples
- Goldman taps alt data for economic forecasts during pandemic