Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics.
Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.
The solution applies to all asset classes and its use cases will vary depending on varying client types, Clearwater confirmed. Participating clients will be able to gain insights and performance comparisons throughout the investment lifecycle.
Users will gain insights around public securities and private market investments with relation to their own portfolios. The solution will also help users better understand daily inquiries, including cash position compared to prior periods or how holdings align with their goals, Clearwater said.
“Clearwater is anticipating the front-office using the insights tool that is based on data derived from generative AI,” Sandeep Sahai CEO at Clearwater Analytics told The TRADE. “Since the acquisition of Jump Technologies, Clearwater has strengthened its front office offering alongside its existing performance modules.”
Clearwater entered into a definitive agreement to acquire Jump Technologies in September last year. The buy-side front-to-back technology platform services clients including Rothschild & Co Asset Management, Groupama, Groupe VYV, APICIL Asset Management, and Moneta Asset Management.
“We have entered a new era in the field of investment management, where for the first time, you will be able to glean intelligence from your portfolio data in ways that weren’t possible before,” Sahai said in a statement.
“Clearwater-GPT promises to be an extraordinary breakthrough for our clients that will enable significant productivity gains, cost reductions, and an enviable competitive advantage.”
The announcement comes alongside several other AI-focused initiatives that have been brought to market in the last few weeks.
In June, Broadridge Financial Solutions subsidiary, LTX, launched RFQ+, an AI-based enhanced RFQ protocol which combines pre-trade dealer selection analytics with liquidity aggregation capabilities.
The move followed the recent launch of BondGPT, powered by OpenAI GPT-4, developed to help simplify workflows and increase efficiency for users’ bond selection and portfolio construction processes.