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.
âThis report is the first objective research that focuses on how the quantitative analysis world is changing,â said Peter Sibirzeff, chief executive officer of Alphacet. âThis 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.â
Focused on the rapid expansion of quantitative analysis, this report highlighted how current trends are changing the market. Key report findings included:
â¢ Quants are running the show
- Quant analysis drove $6.65 trillion in global assets under management (AUM) in 2007
â¢ Vendor solutions top quantsâ wish lists
- Firms expect to spend $120 million on alpha generation platforms in 2011, ten times the amount spent in 2006
âAite Groupâs research highlights the need for a highly integrated alpha generation process,â said Sang Lee, managing director with Aite Group. âBy streamlining this procedure through alpha generation platforms like Alphacet Discovery, firms can empower quants to develop true alpha models before their competition.â