Refinitiv, an LSEG business, announced an agreement that allows for its quantitative data to now be made available on Snowflake’s Financial Services Data Cloud. Asset managers and hedge funds can now access Refinitiv quant data alongside existing Snowflake vendor and proprietary data on Snowflake’s Data Cloud, which is configurable to run across numerous AWS and Azure cloud regions.
Making Refinitiv quant data available via Snowflake means that quant researchers are freed from the burden of managing data infrastructure and can spend more time developing and testing investment strategies, optimizing portfolios, managing risk, and accessing and onboarding new datasets. The platform integrates and delivers a wide range of global market and referential data in one standardized database with a unified symbology – all with the flexibility and security of a single cloud platform.
Austin Burkett, head of Quantitative Analytics and Content at Refinitiv, said in a statement: “Our clients require solutions that help speed and simplify the data intake and concordance process. Our Quantitative Analytics service is a trusted and longstanding offering in the market, and its delivery through Snowflake magnifies its value to our mutual clients.”
Matt Glickman, financial services industry principal for Snowflake, said in a statement: “The Snowflake Data Cloud enables financial services customers to seamlessly discover, access and collaborate with data without the traditional data movement challenges resulting in faster insights and decision making. We are extremely pleased to be partnering with Refinitiv to improve the workflows of quantitative researchers who now have the flexibility to integrate, join and query across their own portfolio data, Refinitiv’s financial forecast, fundamental and market data, topical ESG content as well as new alternative datasets.”