Tim Harrington, CEO of BattleFin

David Craig-led Refinitiv, a provider of financial markets data and infrastructure has made a strategic investment in the alternative data platform and marketplace BattleFin. The company also announced a partnership which will enable customers access to alternative datasets across its data platforms, including quantitative data management platform QA Direct in the Cloud. A sub-set of Refinitiv’s proprietary content will also be made available for testing within BattleFin’s alternative data marketplace Ensemble.

“Demand for alternative datasets continue to rise across the industry as investors look for new ways to achieve alpha and gain an edge on the competition,” said Pradeep Menon, managing director, investing and advisory at Refinitiv. “The integration of BattleFin’s alternative data into Refinitiv’s platforms will save quants and portfolio managers time as they look to efficiently implement alternative data strategies into their investment workflows, creating a holistic data platform to serve the investment community.”

Alternative datasets within Ensemble’s platform will be mapped to Refinitiv’s entity and security identifiers. This is to help provide a holistic data workflow, assisting investors, analysts and data scientists efficiently integrate and mine these datasets for signals and leading indicators, as well as find alpha and new investment strategies. Refinitiv’s desktop Eikon will also be integrated with Ensemble to help improve data discovery for analysts and portfolio managers.

The partnership will complement Refinitiv’s current alternative data offering available to customers including interactive mapping and commodities, news analytics, and social media sentiment data.

“Financial firms and corporations can leverage alternative data to find insights and make better decisions,” said Tim Harrington, CEO of BattleFin. “Our BattleFin Ensemble platform lets firms’ source, evaluate, test and purchase alternative data.  This partnership with Refinitiv allows firms to access fundamental, reference and alternative data in a streamlined manner, dramatically reducing the friction and pain points that data buyers have faced in the past.”

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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