Financial Professionals Enabled to Actively Monitor and Comprehensively Analyze Cryptocurrency Intelligence Across FactSet’s Enterprise Solutions
- 13.01.2023 03:10 am
FactSet, a global financial digital platform and enterprise solutions provider, today announced its collaboration with Coin Metrics to integrate the company’s leading digital assets data across FactSet’s solutions.
The integration of the crypto asset class empowers financial professionals to actively monitor their digital assets workflow from research to asset allocation, stay on top of the latest market trends, and fully analyze portfolios in FactSet's award-winning portfolio analytics, performance attribution, predicted risk and reporting solutions. Additionally, the collaboration adds digital assets sector coverage through FactSet’s flagship StreetAccount news service.
Coin Metrics synthesizes a complex mosaic of sources into hundreds of instrument-specific metrics that lead to financial intelligence. For 200 of the most institutionally relevant digital instruments, this begins with reference rates, which use a transparent and independent methodology, are robust to manipulation, and are derived from high-quality constituent markets.
From there, Coin Metrics derives an unparalleled set of fundamental metrics, including historical and daily market data from the world’s leading centralized spot and derivatives crypto exchanges, and insightful, aggregate network data metrics for a wide variety of crypto asset networks.
The comprehensive data and instrument-specific metrics are seamlessly integrated across FactSet’s solutions for wealth management, asset management, and research to support clients' needs to analyze digital instruments as part of their multi-asset class portfolios.
FactSet and Coin Metrics also plan to collaborate on new thematic indices that include a digital component and will make further announcements upon official launches.
Chris Ellis, Global Head of Strategic Initiatives at FactSet, said: “Our collaboration with Coin Metrics demonstrates FactSet’s unrelenting commitment to empower the financial community to make more informed investment decisions and better understand risks through accessing high-quality data and analytics. With more coverage in StreetAccount and Coin Metrics' data now fully integrated, digital asset investments are analytically comparable to equity, fixed income, and private capital.”
Tim Rice, co-founding CEO of Coin Metrics, said: “Now more than ever, financial professionals need reliable, comprehensive, and transparent sources of digital asset data– the same level of institutional-quality data they would expect for any other asset class on FactSet. Thanks to this new collaboration, FactSet users will now benefit from instant access to Coin Metrics’ industry-leading reference rates, market data and network data, enabling them to accelerate value creation and minimize risk in this increasingly important sector of the new economy.”