Blockchain Products Now Available To FactSet Clientsbr>
FactSet provides financial information and analytic software for investment professionals. It offers access to data and analytics to analysts, portfolio managers, and investment bankers at global financial institutions. FactSet’s business focuses on technology and client service. In addition to combining disparate databases, the company also develops software. It also provides clients with consultants, telephone support, and training.
CG Blockchain brings blockchain to investors through its BCT Fundstore, a suite of cryptocurrency trading apps and blockchain tools built upon the Compliance Guard framework. It is a growth-stage company, based in New York.
Under the partnership, FactSet clients will have access to CG Blockchain products through its BCT Fundstore. CG Blockchain’s current and future clients will also use FactSet’s Portware execution and order management capabilities, delivered as FactSet OEMS, for trade execution, analysis, order generation, and compliance efforts.
John Adam, FactSet’s Senior Vice President and Global Head of Portfolio Management and Trading Solutions, said that the integration of Fundstore and FactSet OEMS will offer institutional investors visibility and timeliness that was previously unavailable from a third party.
“Hedge funds and asset managers are looking to adopt disruptive technologies; meanwhile, global regulatory authorities are demanding increasing levels of transparency and accountability to protect the end investor,” said Adam. “It is critical for established technology partners like FactSet to continue to evolve our solutions to both meet current client needs and set the standard for future technology initiatives globally.”
Bob Bonomo, President of CG Blockchain, said the partnership plugs FactSet into the multi-hundred billion-dollar blockchain market that is currently experiencing exponential growth.
“It gives FactSet clients access to institutional-grade blockchain-based apps and tokenized ecosystems,” said “Each of these factors positions FactSet for increased market share and places it at the forefront of this industry segment.”