Contineo, a network serving the wealth management industry, has announced the launch of I/O, a suite of data products designed to bring transparency to equity-linked structured products.
According to Contineo, this is the first time such a large amount of data has been collated and analysed to provide subscribers on the network insight into their business and performance, as well as providing other market participants with insight into a previously opaque market.
The service is useful for private banks, investment banks and other financial institutions such as asset managers and hedge funds, financial technology providers and the general structured product industry.
Subscribers can utilise the service to assist relationship managers with more product insight and create efficiency at the trading desk and for investment banks, to improve pricing and increase market depth.
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Contineo CEO Mark Munoz commented: “The launch of I/O represents a sizeable milestone in the evolution of the structured products space. The data analytics and insights have never been available before and we think the applications will be really varied as market participants seek to understand this previously opaque part of the financial products landscape.”
I/O is a standalone set of products that includes proprietary analysis for Contineo subscribers, and anonymous market data. Proprietary analyses include executive dashboards at individual bank and whole-of-market level, which inform subscribers about internal performance at individual, team and firm level, as well as performance relative to other firms. The system also generates specific reports on request.
Contineo designed I/O so each bank’s data is protected, segregated, securely stored and remains private, and the market view is entirely anonymous.
I/O also offers a data feed for service integration and document generation, bringing efficiency to these processes for the first time. This offering allows for banks’ operations teams to work with the data sets directly to suit their specific internal needs. Both proprietary and market overview data can be delivered directly into user’s internal systems.
“I/O is an important step for Contineo,” continued Munoz. “Having built the network and seen the growth in our volume, our next step was delivering the analytics this industry so desperately needs.”