Market information provider Eagle Alpha has launched a tool for buy-side firms, which provides macroeconomic investment data purely from online sources.
Eagle Alpha Global Macro will enable traders to tap into long-term online investment data as part of their alpha generation tool kit.
It has been developed following feedback from hedge funds and long-only funds and aggregates and analyses key economic indicators for major economies such as China and the US along with more niche data from countries such as Ghana.
Technology driven data gathering is augmented by experts reviewing and refining the data to ensure it identifies the most important aspects for investors.
Eagle Alpha claimed the service is also the first to translate and analyse data from Chinese micro-blogging websites, with additional input from local trading and investment experts.
Emmett Kilduff, CEO of Eagle Alpha, said: “Under increasing pressure to deliver returns, and with the volume of information continuing to expand across multiple online sources, fund managers can ill afford to ignore the potential of the web for accessing fresh insights.
“By piecing together relevant online content and analysing it in the wider context of macro developments, the Global Macro product enables buy-side firms to unlock new investment intelligence compliantly and efficiently.”