New Issue IQ Debuts Real-Time Reference Data as a Market Challenger at Neudata
Founder and CEO John Tokarowski presented New Issue IQ in the Market Challenger Spotlight at Neudata's first New York Traditional and Market Data Summit, the session reserved for emerging data providers challenging the incumbents.
Event details at Neudata
Neudata's New York Traditional and Market Data Summit on September 17 brought together more than 350 market data professionals, quant researchers, portfolio managers and data strategy leads from leading investment funds. New Issue IQ was one of the emerging data providers featured in the Market Challenger Spotlight, the main-stage session for new players in the market data landscape.
John's presentation made the case for real-time reference data in fixed income. Live deal feeds are fast but shallow. Reference data is deep but arrives days after pricing. As one credit technology lead at a multi-strategy hedge fund put it: "We can't price, value, or run risk until we have ref data, and it doesn't arrive until the alpha has already decayed."
Our clients use the dataset in three ways. Quant hedge funds feed it directly into their models, with every deal update landing in real time. Data-driven asset managers use it for deal selection and overlay it on their own trade history to see how past decisions performed. Technology providers use the API to set up securities and present live new issues inside their own platforms.
The team also took part in the summit's 1:1 meeting program, meeting data strategy and quant research teams from hedge funds, asset managers and market makers through the day.
To see the full presentation and learn more about real-time reference data for fixed income, contact Bryce Bolotin, Director of Business Development, at bryce@newissueiq.com.