Thomson Purchases Quantitative Analytics, Inc.
QAI software products are used by more than 200 of the world's largest investment firms for securities selection, modeling, back-testing, portfolio construction and trading strategy 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 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 at the forefront of the solutions space for investment managers."
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|Date:||Feb 1, 2006|
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