Wall Street Horizon Creates Historical Event Analytics
Woburn, Mass.-based corporate earnings and event data provider Wall Street Horizon is developing a number of new products based on its historical dataset of information on corporate earnings releases and other single-stock events, to support the back-testing activities of quantitative analysts and traders.
The tools leverage Wall Street Horizon's archive of data on corporate events, such as earnings release dates, dividend announcements, conference calls, stock splits and shareholder meetings going back to 2006, covering 5,000 North American and 6,000 international companies, which the vendor collates from press release wires, websites and proactive outreach.
Until recently, Wall Street Horizon disseminated this data as real-time or intraday feeds, to inform the trading strategies of institutional clients such as algorithmic and quantitative traders and market makers. Now, however, the vendor is using its historical data to create analytical tools in response to demand to be able to model not only the impact of an event on a company's price and volatility, but also what was known ahead of that event, says executive vice president of sales and marketing Todd Richman.
"We've been collecting this data for a long time, but it was a matter of how to package it, enhance it, clean it up and deliver it to clients so it meets their needs... so we've put a lot of investment and attention into going back through our archives and log files and turning that into customer-facing data," he says.
The new products include daily snapshots from its historical forward-looking earnings calendar data, which details when a company is scheduled to publish earnings, attend a conference, hold a shareholder meeting, or have a stock split, to recreate the forward-looking calendar for any of the 5,000 American companies in its universe.