Thomson Purchases Quantitative Analytics, Inc.The Thomson Corp. (Stamford, CT) has signed an agreement to acquire privately held Quantitative Analytics, Inc. (QAI QAI Quality Assurance International QAI Quality Assurance Institute (Orlando, Florida) QAI Quality Assurance Inspection QAI Quality Auditing Institute QAI Quantitative Analytics Inc. QAI Quality Assurance Instructions ; Chicago, IL), a provider of financial database integration and analysis products for financial and investment firms as well as related financial researchers. No terms of the deal were given. QAI software products are used by more than 200 of the world's largest investment firms for securities selection, modeling, back-testing Back-testing Creating a hypothetical portfolio performance history by applying current asset selection criteria to prior time periods. , portfolio construction and trading strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same development. Its core product, MarketQA, integrates a function language with historical and daily-updated fundamental and pricing data. QAI also provides high-frequency data solutions via FasTick and FasTick RT, high-compression financial data capture, storage and analysis tools. WebQA, a new product currently under development, is a web-based custom report generator Same as report writer. that accesses the MarketQA databases. Thomson Financiala executive Suresh Kavan said that QAI "has established itself as the leading provider of multi-class, high-end analytics." The deal will "immediately position Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings at the forefront of the solutions space for investment managers." |
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