State Street Announces Strategic Partnership with FactSet to Distribute MediaStats
07 November 2019 - 2:00AM
Business Wire
State Street Corporation (State Street) NYSE: STT and FactSet
(NYSE:FDS) (NASDAQ:FDS), a global provider of
integrated financial information, analytical applications, and
industry-leading service, today announced a strategic partnership
to distribute the State Street MediaStats Equity Indicators on the
Open:FactSet Marketplace.
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“We are thrilled to partner with FactSet, a leading provider of
data and analytics for investment professionals,” said Will Kinlaw,
senior managing director and head of State Street Associates, a
global center for technology that combines differentiated datasets
with innovative thinking from some of the foremost academic
institutions in the world. “FactSet’s scale and data integration
capabilities will help more asset managers and analysts access
State Street MediaStats. Together we can offer investors unique
insights to help analyze companies and manage portfolios.”
The State Street MediaStats indicators have been developed in
partnership with MKT MediaStats LLC, an academic research firm
founded by Professor Ronnie Sadka of Boston College, Professor
Emeritus Ken Froot of Harvard Business School, and Gideon Ozik,
PhD. State Street MediaStats scours more than 100,000 media sources
as well as other big data sources to estimate future price changes
and risks pertaining to individual equities, country equity
indexes, and foreign exchange rates. The indicators use natural
language processing and machine learning algorithms to account for
biases and helps filter out noise in the media based on an
extensive body of founding partners’ research. Media-derived
insights are aggregated to understand broader industry and
macroeconomic trends that help users leverage accurate, valuable
and predictive insights for investment decisions.
MediaStats users can access the content sets on the Open:FactSet
Marketplace and employ several methods to learn more about select
companies. MediaStats Linkages indicators gauge the strength and
impact of inter-company relationships based on co-mentions in the
media. MediaStats Company Indicators provide rankings of the
intensity, sentiment and disagreement of media coverage for
selected companies.
- Intensity – reflects the frequency with which a given company
is mentioned in the media.
- Sentiment – reflects the degree to which media coverage of a
company is positive or negative.
- Disagreement – reflects the variance in sentiment in a given
company’s media coverage.
“FactSet is constantly evaluating comprehensive and timely
content to help our clients maximize the opportunities presented by
today’s data,” said Rich Newman, senior vice president and Global
Head of Content and Technology Solutions, FactSet. “Demand for
smarter, connected data is only going to grow as asset managers
search for new and differentiated content sets to strengthen
investment decisions. There couldn’t be a better time to welcome
State Street MediaStats to the Open:FactSet Marketplace.”
For more information about MediaStats, please visit
http://www.statestreet.com/solutions/by-capability/ssgx/investment-insights/proprietary-indicators/media-stats.html.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $32.90 trillion in assets
under custody and administration and $2.95 trillion* in assets
under management as of September 30, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44
billion as of September 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers superior content,
analytics, and flexible technology to help more than 126,000 users
see and seize opportunity sooner. We give investment professionals
the edge to outperform with informed insights, workflow solutions
across the portfolio lifecycle, and industry-leading support from
dedicated specialists. We're proud to have been recognized with
multiple awards for our analytical and data-driven solutions and
repeatedly ranked as one of Fortune's 100 Best Companies to Work
For® and a Best Workplace in the United Kingdom and France.
Subscribe to our thought leadership blog to get fresh insight
delivered daily at insight.factset.com. Learn more at
www.factset.com and follow on Twitter: www.twitter.com/factset.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without State Street’s express written consent.
© 2019 State Street Corporation - All Rights Reserved
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
2806973.1.1.AM.RTL
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Brendan Paul +1 617-943-5368 Bpaul2@statestreet.com
@StateStreet
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