FactSet Launches Unique Alternative and Financial Data Platform

FactSet Research Systems (NYSE:FDS), a global provider ‎of financial information and analytical applications, has ‎launched the latest addition to its fast-growing content and ‎technology solutions business, the Open:FactSet Marketplace.‎

The new product offers a new online platform designed ‎for use by investment professionals seeking a competitive ‎edge. This new data capability is available as an enhanced ‎feature of FactSet’s digital data intelligence platform.

The marketplace leverages FactSet’s deep expertise in data integrity and unlocks the power of both financial and alternative data. The offering ‎combines pre-linked and harmonized datasets provided by carefully selected third-party ‎providers with FactSet’s data feeds such as ownership, supply chain, and fundamentals. ‎

The Open:FactSet marketplace provides a single point of access to the ‎data combinations the users need to power their investment workflow. With additional ‎providers are expected to onboard in the coming months, it currently ‎features 25 data feeds, including satellite, sentiment, and environmental, ‎social, and governance (ESG) data from third-party providers. ‎

Commenting on the news, Phil Snow, CEO of ‎FactSet, said: ‎“The Open:FactSet Marketplace builds on FactSet’s strong data ‎management and symbology capabilities and demonstrates the ‎openness we need to develop as an industry. Clients are increasingly looking for a competitive edge through ‎data, and we are innovating to meet this growing demand.”‎

‎“This is the exact challenge we are addressing with the Open:FactSet ‎Marketplace. Alternative data use will only accelerate from here; much ‎of what we currently consider ‘alternative’ data won’t be alternative for ‎long,” added Rich Newman, Global Head of Content and ‎Technology Solutions at FactSet.‎