Welcome Naviga to Crux!

Naviga delivered by Crux! Naviga’s CaaS solution uses advanced technology to deliver AI-ready text and multimedia news with guaranteed reliability. Naviga provides news in feeds that work with other systems and make it easy to share the news when and where you need it.

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Welcome RepRisk to Crux!

RepRisk

“RepRisk is pleased to expand the accessibility of our data through our newfound partnership with Crux Informatics. Our dataset is unique in the ESG industry: AI and machine learning empower its size and scale, while human intelligence adds depth and relevance – providing an unbroken time series of high quality data that can be used for rigorous back-testing and quantitative analysis. This partnership will significantly streamline delivery of our data and give clients an expanded capacity to integrate ESG.”

– Dr. Philipp Aeby, RepRisk CEO


RepRisk delivered by Crux! RepRisk is a global leader and pioneer in data science, specializing in premium ESG and business conduct risk research and quantitative solutions.

RepRisk systematically flags and monitors material ESG risks and violations of international standards that can have reputational, compliance, and financial impacts on a company. RepRisk offers quantitative risk research and proprietary risk metrics for more than 140,000 companies, from every sector and market: The RepRisk Index (RRI) dynamically captures and quantifies reputational risk exposure related to ESG Issues, and the RepRisk Rating (RRR), a letter rating (AAA to D) that facilitates benchmarking and integration of ESG and business conduct risks, as well as other metrics such as the UN Global Compact Violator Flag. Its research scope is comprised by 28 ESG issues and ESG hot topics such as forced labor, fraud, water scarcity, and tobacco. By analyzing information from public sources and stakeholders and intentionally excluding company self-disclosures, combined with a transparent, rules-based methodology and daily updates, RepRisk provides consistent, timely, and actionable data. For more than a decade, leading organizations around the world rely on RepRisk as their key due diligence solution to prevent and mitigate ESG and business conduct risks related to their operations, business relationships, and investments.

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Data safety and privacy takeaways from MFA West 2020

conference

Event Learnings | MFA West

Last month, our CEO Philip Brittan participated in a panel discussion around “Best Practices in the Lifecycle of Data Acquisition, Implementation and Maintenance” at Managed Fund Association’s MFA West Conference. Harry Askenazi, Account Executive at Crux, sat down with Philip to understand a bit more about the discussion and share some of the takeaways with our community.

Philip Brittan and Harry Askenazi

Philip, what were some of the themes addressed during your panel discussion at MFA West?

From my point of view, one of the ongoing themes is the new dimension of data safety that firms must address when evaluating whether or not to use new data sources. Traditionally, firms that evaluate new data posed the questions: ‘is the data useful?’ and ‘is the data novel?’ Now, with the rise of alternative data, coupled with more regulatory scrutiny, people must also ask – ‘is the data safe?’ The question of safety has to do with the legality around the data and the potential reputational damage, but also with the shifting sands – something that is perfectly legal today might not be tomorrow.

Also, another important aspect we explored was that given some alternative data providers may go out of business, those firms that rely on a specific data source will have a problem should it no longer be available. As a result, firms may care less about novel data and may want to have redundant sources of a particular signal in case one flares out, which creates a portfolio effect. The addition of the safety dimension is causing a lot of interesting ripple effects across the industry.

One discussion was around privacy concerns in alternative data and you mentioned how “anonymization is fraught with challenges and issues” in response to Jumpshot shutting down. You made a comment around how “this affects every individual with a smartphone.” Can you explain this a bit further?

Yes, part of our conversation centered around anonymization in alternative data sources. We discussed some of the anonymization challenges through the example of location data. Yes, you can anonymize to take a person’s name out, but if you actually look at the data – you can see an individual is spending 90% of their time in two places – an apartment and office location. From there, you can start to easily figure out who that person is – just because the person’s name was removed doesn’t mean you can’t figure it out. People are not really sure how to anonymize the data without destroying it – reducing its usefulness.

When discussing privacy, the comment around “this affects every individual with a smartphone” was brought up in discussion around geolocation data. Online behavior is being snooped without people being aware. As a result, considerable backlash has occurred — not an overwhelming outrage yet, but there’s rising concern about this. For example, Jumpshot being shut down was a direct reaction to this issue.

During the panel, you spoke about how the nature of the LP/GP relationship is changing and how it’s evolved with the proliferation of alternative data. Can you expand upon this?

In terms of how the relationship is changing, LPs are more curious now on what their GPs are doing and how they’re doing it, due to the risks involved with alternative data. Famously, a lot of hedge funds, particularly in the quant space, are secretive about what they do. The pressure for GPs to be more open on what they’re doing, how they’re doing it and what data they’re using is rising. GPs are under increased scrutiny to ensure they’re not only living by the letter and spirit of the law, but also thinking about future reputational risks by engaging in a particular trading strategy.

What was your biggest takeaway after this discussion?

The fact that the panel discussion happened was an interesting signal in and of itself.  It highlighted the degree to which firms are concerned with data and the increased effort developing the resources to ensure that firms are doing the right things with their data.

As I’ve been speaking at recent MFA events, we’ve seen this theme continue to be highlighted. At MFA Network, I participated in a discussion where LPs expressed the want for more information on data that their fund managers are using. The concern is to make sure there’s no trickle-down liability from the hedge funds they’ve invested in by using data they shouldn’t be using. Across these two conferences, I’ve heard this repeatedly, so I’d say this was my biggest takeaway.

What’s next?

On May 6th, I will be speaking on a webinar panel run by Waters Technology on the topic of “Optimizing the Data Technology Stack: Integrating Data Suppliers with Cloud Platforms and Analytics Tools for a Winning Data Strategy.” Please contact us if you’d like to join.

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SIX partners with Crux Informatics to deliver core datasets in a cloud-based platform

Six-Financial-Announcement

31 March 2020 – SIX, the Swiss financial data expert, announces today its partnership with Crux Informatics to provide a state-of-the-art managed market data solution which removes unnecessary implementation and management pressure for buy-side companies.

Crux is integrating a flagship product from SIX, Valordata Feed (VDF), which covers 29.7 million instruments for pricing, corporate actions reference data as well as compliance and regulatory data. The partnership will allow buy-side firms to focus on higher value tasks such as interpreting and analyzing data without being limited by consistent management and developmental responsibilities.

Firms have long battled disproportionate data availability. They often offload tasks that provide limited conversion value and devote more time to extracting meaningful data for agile investment decisions instead. This partnership enables buy-side firms to focus on raising alpha without the added pressure of complicated technical integration.

Customers will benefit from a streamlined data delivery service combining Crux’s innovative cloud-based platform with existing platforms from SIX and delivering cleaner, manageable data integrations.

Commenting on the partnership, John McManus, Head Sales US, Financial Information, SIX, said: “We are extremely excited to be embarking on this innovative partnership with Crux, a new breed of technology vendor. This partnership will enable us to access wider markets, removing the complicated extraction, transformation and load process detail to provide buy-side firms access to the highest quality of data available free of integration and management headaches.”

Philip Brittan, CEO of Crux Informatics added, “Buy-side professionals are hungry for historical, well-built datasets they can use to gain a competitive edge. SIX has deep domain expertise in data aggregation and normalization, such as tax base data, regulatory based and reference data. This partnership is a natural next step through which we will provide SIX with access to a well-known vendor name in the buy-side, facilitating a seamless link for their clients to security masters and corporate actions data.”

SIX
SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. The company is owned by its users (122 banks). With a workforce of some 2,600 employees and a presence in 20 countries, it generated operating income of CHF 1.13 billion and Group net profit of CHF 120.5 million in 2019.
www.six-group.com

About Crux Informatics

Crux helps companies reliably get the data they need, how they need it and where they need it. Our data delivery and operations platform and managed service ensures that data flows seamlessly between data suppliers and data consumers. By working directly with suppliers and serving many consumers, Crux unlocks economies of scale that benefit the entire industry. We deliver data at a lower cost, via flexible delivery methods, and at a consistently high-level of service and security.

Contact [email protected]

Visit www.cruxinformatics.com

Crux Informatics and Euronext FX Enter Agreement to Broaden Delivery of FX Market Data Product

Euronext-Crux-Agreement

NEW YORK, Feb. 25, 2020 /PRNewswire/ — Crux Informatics (“Crux”) has entered an agreement with Euronext FX, a leading foreign exchange ECN, to enable broad market delivery of their FX Market Data. Crux is a cloud-based data delivery and operations platform with the mission to connect customers with data suppliers around the globe. Crux will now enable any authorized data consumer to easily access Euronext FX Market Data through various easy-to-use and flexible delivery methods.

Euronext FX operates a leading Electronic Communication Network (ECN) for Foreign Exchange trading and has matching engines in New York, London, Tokyo and Singapore. Today’s agreement between Crux and Euronext FX ECN will allow clients to access high quality foreign exchange market data via the Crux platform.

“We are pleased to bring our FX Market Data to the broader consumer market, enabling academic, commercial and financial institutions that are not part of our ECN to now benefit from our datasets,” said Kevin Wolf, CEO of Euronext FX. “Our agreement with Crux enables us connect with our customers on a reliable, easy-to-use and secure platform. We look forward to working with Crux to streamline our data delivery experience and delight our clients.”

“We are excited that Euronext FX has engaged Crux to deliver their data to a broad range of clients. Up until now, data suppliers have had to face alone the friction involved in delivering and operating data feeds for clients. Crux presents a reliable alternative to the old way of doing things and an accelerant to how suppliers conduct business,” said Philip Brittan, CEO of Crux Informatics. “Our data delivery and operations service offers 24×7 oversight of the data, and our flexible, future-proof set of data delivery channels ensures that data suppliers can get their data into their customers’ hands quickly and easily. We are proud that Euronext FX puts its trust in Crux’s technology, operational expertise and service excellence.”

Euronext FX Market Data can be accessed via Crux in a number of data formats (Avro, CSV, and Parquet) via a number of delivery methods on the Crux platform. These include via a python or REST API, FTP, AWS S3, or Snowflake. Customers opting to use the Crux Query service can additionally run SQL queries or connect Excel, Tableau, and many other Business Intelligence applications directly to their Euronext data on Crux.

To learn more or access Euronext FX Market Data feeds via Crux’s flexible delivery methods, please email [email protected]

About Crux Informatics

Crux helps companies reliably get the data they need, how they need it and where they need it. Our data delivery and operations platform and managed service ensures that data flows seamlessly between data suppliers and data consumers. By working directly with suppliers and serving many consumers, Crux unlocks economies of scale that benefit the entire industry. We deliver data at a lower cost, via flexible delivery methods, and at a consistently high-level of service and security.

Visit www.cruxinformatics.com
Contact [email protected]

About Euronext FX

Euronext FX is an Electronic Communication Network (ECN) for foreign exchange trading, and operates four simultaneous matching engines in London, New York, Tokyo and Singapore. Powered by FastMatch® technology, Euronext FX offers customers access to large pools of diversified and bespoke liquidity, transparency, flexibility in trading protocols and unique order types. Its award winning technology provides unparalleled speed and the capacity to handle thousands of orders simultaneously for Euronext FX clients, including financial institutions, banks, asset managers, hedge funds, proprietary trading firms and retail brokers.

Visit https://www.euronextfx.com/
Contact [email protected]

Serving Point-of-Sale Data with additional Ingestion Delivery Mechanisms

Supplier Spotlight

GfK Logo

Crux’s mission is to help data flow efficiently between data suppliers and data consumers, and we look to highlight major trends and developments impacting both parties. Today’s spotlight features GfK. Our Q&A was conducted with Cedric Mertes, Commercial Director of GfK Boutique.

Gfk Technology and Consumer Durable Data

What is GfK?

GfK stands for “Growth from Knowledge,” and this credo exemplifies how the company has served its clients over the past 85 years. GfK, a leading market research firm, tracks point-of-sale data at the most granular, SKU level from retailers, resellers, carriers, value-added resellers and distributors in over 75 countries on a weekly and monthly basis, giving clients the information to grow their businesses.

What type of clients do you work with?

GfK works with a range of clients, from manufacturers, to retailers, hedge funds, investment managers. GfK Boutique works directly with the investment managers, all primarily in Tech and Consumer Durables segments, including:

  • Component/Semiconductor Suppliers
  • Handsets
  • PCs/Tablets
  • GPUs
  • CPUs
  • Home Appliances
  • Home Audio
  • Action Cameras
  • Enterprise Software
  • IT Security
  • Enterprise Storage
  • Networking Equipment
  • Servers
  • Digital Cameras & Lenses
  • Action Cameras
  • Navigation Devices
  • IT Peripherals
  • Contact Lenses
  • Printers & Cartridges
  • Tires
  • TVs
  • Gaming Consoles & Software
  • Watches
  • Wearables

What are some examples across sectors of how GfK data is used?

  • Analyzing 5G penetration and content wins/losses in terms of end-customer adoption of 5G phones and which component suppliers are gaining dollar content in those devices.
  • Looking at memory DRAM and NAND content growth from an end-demand standpoint and their impact on supply and prices.
  • Identifying the end-demand success or failure of recent smartphone launches from Apple, Huawei, Xiaomi and Samsung, as well as their subsequent impact on the component suppliers of these devices across the Handset, TV and Wearable categories.
  • Identifying how the Gaming PC, Console and Server markets drive overall CPU and GPU demand and the impact on Intel, NVIDIA and AMD; analyzing the adoption of new gaming consoles from Sony and Nintendo, researching the success or failure of new product launches from Activision and Electronic Arts.
  • Monitoring share shifts at Sonos, Garmin and Logitech based on promotional activity ahead of key shopping events such as Singles’ Day, Black Friday, the Lunar New Year, etc.
  • Quantifying the success of Alcon’s new Daily Contact Lens and its impact on CooperVision’s market share.

What trends are you seeing in the industry?

Many of our clients have new data analyst teams that prefer an FTP feed that allows them to manipulate the data themselves. Given the number of alternative data sets that have come to market over the years, we recognize many of our clients are looking to ingest as much raw data as possible.

However, given the continued demand for GfK’s traditional fundamental products and analyst support, GfK has partnered with Crux to expand its resources to support additional delivery mechanisms, rather than shift resources from its traditional products; Crux has been instrumental in allowing GfK to better serve its clients.

How has the partnership with Crux affected the user experience?

By partnering with Crux, GfK is able to work with additional clients on a platform that is already built out, which eliminates the onboarding process and all the accompanying frustrations.

What has GfK’s experience with Crux been?

Working with Crux has been an excellent experience thus far! The team is extremely diligent, responsive and timely throughout the data onboarding process. All forms of communication were clear and concise. GfK has an extremely granular data set and a large quantity of files, which can be challenging to traditional clients. Crux has been able to eliminate that challenge and streamline the process. GfK will be launching new products outside of the consumer/tech industry and looks forward to working on additional datasets and clients with Crux in 2020!

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