Refinitiv, a London, UK-based global provider of financial markets data and infrastructure, as per recent reports, has entered into a strategic partnership agreement with BattleFin, a Rowayton, Connecticut-based alternative data platform and marketplace. The London-based Refinitiv has also announced an undisclosed investment into the former.
The partnership is intended to pave the way for new data set opportunities in response to the growing customer demand, such as credit card transactions, geolocation, supply chain, and web data. Reports suggest that the BattleFin alternative data sets will very soon be integrated into the Refinitiv Quantitative Analytics platform – QA Direct – in the Cloud, along with the desktop Eikon integration, by the end of 2019.
The integration will facilitate accessing and testing different alternative data sets alongside Refinitiv’s data offerings, such as I/B/E/S Estimates, WorldScope Fundamentals, and StarMine quantitative models – a definite boon for quants and fundamental analysts.
A sub-set of Refinitiv’s proprietary content will be available for testing in BattleFin’s alternative data marketplace Ensemble, which will then also be integrated with the desktop Eikon.
“Demand for alternative datasets continues to rise across the industry as investors look for new ways to achieve alpha and gain an edge on the competition,” states Pradeep Menon, Managing Director, Investing & Advisory at Refinitiv. “The integration of BattleFin’s alternative data into Refinitiv’s platforms will save quants and portfolio managers time as they look to efficiently implement alternative data strategies into their investment workflows, creating a holistic data platform to serve the investment community.”