The 325-year-old U.Okay. financial institution, run by Chief Government
mentioned Wednesday it’s making a proprietary instrument it makes use of to measure liquidity in additional than 22,000 bonds out there to subscribers of FactSet, leveraging its personal inside knowledge on $50 trillion of fixed-income securities.
Knowledge is the following frontier for giant funding banks, which sit between transactions executed as hedge funds, asset managers, pension funds and insurers transfer cash across the globe in monetary markets.
Rival funding banks on Wall Road—together with
Goldman Sachs Group Inc.
& Co.—have employed troves of knowledge scientists and technologists to construct new platforms and techniques that may harness giant quantities of knowledge to glean insights into buying and selling conduct or how monetary devices transfer.
“New knowledge and know-how are driving change throughout the funding trade at an unprecedented tempo, and we’re more and more seeing this impression in fastened earnings,” mentioned
world head of content material and know-how options at FactSet.
The Barclays instrument, referred to as the Liquidity Price Scores (LCS), is a large enterprise utilizing pc packages to compile and analyze two-way costs made by human merchants throughout a broad vary of securities, from U.S. investment-grade bonds to emerging-market bonds.