ALPHACET OUTPACES COMPETITION WITH ASSET CLASS COVERAGE AND DATA MANAGEMENT CAPABILITIES, SAYS AITE GROUP
Aite Group and Alphacet to Host September 24 Webinar on benefits, challenges and strategies behind alpha generation platforms
Stamford, Conn., September 8, 2008 – Alphacet, Inc., a developer of innovative software solutions for quantitative analysts, portfolio managers and traders, today announced that its financial modeling platform Discovery, the only straight through process (STP) solution for quantitative strategy development and deployment, received top scores in “The World According to Quants: Enter Alpha Generation Platforms,” a research report and vendor analysis from Aite Group, a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.
Regarding asset class coverage, data management capability, integration/ implementation and core functionality, Alphacet has outpaced average scores exhibited by leading vendors. Discovery was the only platform to receive four stars in quant platform functionality.
“This report is the first objective research that focuses on how the quantitative analysis world is changing,” said Peter Sibirzeff, chief executive officer of Alphacet. “This study demonstrates that as quantitatively driven funds become more prevalent, firms must implement efficient system processes to reduce errors, shorten time to market and empower managers to make more educated trading decisions.”
Focused on the rapid expansion of quantitative analysis, this report highlighted how current trends are changing the market. Key report findings included:
- Quants are running the show
- Quant analysis drove $6.65 trillion in global assets under management (AUM) in 2007
- Vendor solutions top quants’ wish lists
- Firms expect to spend $120 million on alpha generation platforms in 2011, ten times the amount spent in 2006
“Aite Group’s research highlights the need for a highly integrated alpha generation process,” said Sang Lee, managing director with Aite Group. “By streamlining this procedure through alpha generation platforms like Alphacet Discovery, firms can empower quants to develop true alpha models before their competition.”
Register for the “Alpha Generation in a Changing Market” Webinar
Aite Group and Alphacet will present study results and provide advice for quantitative analysts via a Webinar on September 24, 2008 at 11:00 a.m. EDT. To register for the presentation, please visit https://www2.gotomeeting.com/register/400184866.
Study Availability
The “World According to Quants” study is available for download at www.alphacet.com.
This report provides a detailed analysis of the quantitative financial modeling market and also examines leading alpha generation platforms including 4th Story, Alphacet, ClariFi, Deltix and QuantHouse.
About Aite Group
Aite Group is a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry. It was founded by leading industry experts in Banking and Securities & Investments. Aite Group brings together a team of business strategy, technology and regulatory experts to deliver comprehensive, timely, and actionable advice to financial institutions and technology vendors. It seeks to become a true partner, advisor, and catalyst by exchanging ideas and challenging basic assumptions to ensure that our clients always stay one step ahead of the competition.
About Alphacet
Alphacet, Inc. is a developer of innovative software solutions for quantitative analysts, traders and portfolio managers. Alphacet’s management team combines experience in the development and marketing of complex trading technologies with practical trading expertise and extensive academic and research talent. The company was founded in 2007, building on development work begun in 2003, based on pioneering work by researchers at the University of California. Alphacet is headquartered in Stamford, Connecticut, with development facilities in Petaluma, California. For additional information please visit www.alphacet.com.