40 Percent of Institutional Investors Lost More Than $10,000 Due to Bad Corporate Event Data, Wall Street Horizon Survey Finds

Results reinforce trends from 2017 survey, also indicate lack of industry support around crypto trading

BOSTON, MA – September 5, 2018 – Wall Street Horizon, the leading provider of corporate event data, today released its annual Corporate Event Research Survey with the results showing that companies are increasingly incorporating corporate event data into their trading strategies in order to mitigate monetary losses and react more quickly to market volatility.

The survey polled more than 100 institutional market participants, nearly half of whom were quantitative or discretionary fund managers.

Key findings are as follows:

●        More than one-third of participants have lost money as a result of either bad or unknown corporate event data, with nearly 40 percent of those having reported a loss of more than $10,000. This data is aligned with last year’s survey reinforcing that a lack of accurate data can have significant consequences.

●        More than half of participants (55 percent) said tracking corporate event data is essential for monitoring stocks on their watchlist; more than 30 percent reported they needed corporate event data to make trades based on event changes.

●        Despite the hype around cryptocurrencies, 50 percent of respondents said they are “not likely” to purchase data services to support crypto trading.

“This year’s survey results reaffirm that accurate corporate event data and tracking event movement is becoming increasingly critical to institutional investors and traders,” said Barry L. Star, CEO, Wall Street Horizon. “Academic research has shown that ‘corporate body language’ ─ changes to a corporate event calendar ─ can provide predictive signals as to the future state of the company's health. As investment professionals look for new ways to uncover alpha and reduce losses, access to accurate and timely data will continue to be a top priority.”

Wall Street Horizon’s annual survey is critical for keeping a finger on the pulse of the investment community, which the data provider has been part of for more than 15 years. Wall Street Horizon has become a trusted source for institutional investors, traders, hedge fund managers and other financial professionals due to its reputation as the most accurate and timely corporate event data provider in the industry.

About Wall Street Horizon
Wall Street Horizon provides traders, portfolio managers, IROs, academics and others an ever-expanding set of forward looking and historical corporate event datasets, including earnings dates, dividend dates, options expiration dates, splits, spinoffs and a wide variety of investor-related conferences. With access available via machine-readable feeds, the Enchilada web-based application and a growing network of third-party channel partners, the company’s data is widely recognized for its unmatched accuracy and timeliness. For more information, please visit www.WallStreetHorizon.com.

Media Contact
Lauren Herman
Caliber Corporate Advisers
lauren@calibercorporate.com
952.221.4615