Quantitative Services Group (QSG), a provider of equity research solutions, yesterday announced the addition of a ‘user-defined modelling’ (UDM) option to its Factor Analyst (FA) and Virtual Research Analyst (VRA) offerings.
UDM is QSG's response to its clients' increasing use of its FA and VRA platforms and their desire to leverage QSG's stock selection indicators across multiple universes to create, test and prepare custom models for daily production, says QSG. In addition to standard statistics, UDM computes sector-based statistics and 'factor correlation measures'. UDM's transparency allows the custom models to be leveraged through many of QSG's analytical partners, according to QSG.
The new UDM option is aimed at fundamental analysts looking to quickly test custom stock selection strategies without suffering data 'headaches'. Both industry- and sector-focused analysts can quickly confirm key performance drivers and the relative strength and independence of their signals. This offering allows equity analysts to maximise the value of their expertise by leveraging QSG's infrastructure, knowledge base and software functionality, says the firm.
"The UDM product is a further testament to QSG's dedication to building products that streamline the daily workflow challenges our clients face, freeing them to focus on their highest priorities," remarks Bola Olusanya, managing director, QSG. "It delivers a broad and flexible solution that responds to the needs of equity professionals, regardless of their investment philosophy or technical background," he continues.