Almost half of respondents have lost money or missed a trade due to incorrect event dates, with several seeing losses exceed $1M
BOSTON – September 13, 2017 – Wall Street Horizon, an alternative data provider specializing in corporate event intelligence, today released the results of its Corporate Event Research Survey. Conducted between August 17-23, the survey polled over 100 institutional market participants, nearly two-thirds of whom were quantitative or discretionary fund managers.
Key findings from the survey included the following:
The full survey results can be found here.
“In today’s highly sophisticated, data-driven investment environment, the impact of bad data can be catastrophic. As this survey bears out, this is especially true with event data, where inaccurate or delayed information can literally cost investors millions,” said Wall Street Horizon CEO Barry L. Star.
He continued: “The ability to know precisely when events move is also functionality that investors and traders are increasingly demanding, which makes sense given the importance of this data to alpha. Based on the survey results and conversations with dozens of institutional participants, we see this ‘breaking event’ capability for both for alerting and back-testing purposes as the holy grail for event data, and we’re actively working to incorporate it into the Wall Street Horizon offering.”
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 or email us at firstname.lastname@example.org
Forefront Communications for Wall Street Horizon