Cardinal Analytics Taps Datactics Service
Corporate bond risk analysis firm licenses data matching platform
Corporate bond risk analytics firm Cardinal Analytics has agreed to license FlowDesigner, a data matching platform from service provider Datactics, for three years.
The firm turned to Datactics after a bespoke program developed by advanced programmers in 12 weeks failed to achieve their desired near-perfect match rate, according to a statement from the companies.
"Cardinal Analytics requires near-perfect matching capability to facilitate the provision of the market's most granular risk scores," says Stuart Harvey, CEO of Datactics.
Cardinal uses Mergent end-of-day data feeds and ratings information as sources, covering 400,000 corporate bonds, 40,000 companies' stock prices and 40,000 accounting data feeds. Three weeks after implementation, Datactics' pre-analytics layer allowed Cardinal to consistently match more than 99 percent of bond data correctly, according to Mark Fletcher, CEO of Cardinal Analytics.
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