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Integrity Research Associates: Thasos Bets on Both FactSet and Bloomberg

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Amanda Perrucci

Amanda Perrucci

Geolocation data firm Thasos Group is distributing data through FactSet’s alternative data portal as well as Bloomberg’s (and through an unnamed major bank).  In the race between FactSet and Bloomberg to gain footholds in the alternative data space, FactSet has the early lead.

Thasos is distributing its flagship ConsumerStreams product, which provides daily visitation data for 120 consumer stocks, through FactSet and MallStreams, which collects footfall traffic for 30 REITs, through Bloomberg.  It also distributes ConsumerStreams through an undisclosed investment bank (UBS?).   Thasos appears to be the only alternative data provider currently straddling both distribution platforms.

Open:FactSet Marketplace

FactSet first launched Open:FactSet Marketplace nearly a year ago.  Since then it has grown the offering to include 40 data sets from 32 outside providers supplemented by 23 of its own feeds.  It also features three third-party analytics solutions such as Quantopian’s Python development platform (coming soon) as well as FactSet’s own data exploration platform built on Microsoft Azure.

ESG data is the most broadly represented category on Open:FactSet Marketplace, reflecting ESG’s red hot status.  The platform includes ESG data from Truvalue Labs, Four Twenty Seven, RepRisk, Arabesque, CSRHub, and Data Simply, as well as governance ratings from ISS, management quality rankings from Management CV and corporate sanctions data collected directly by FactSet.

Sentiment data is also plentiful, including news and social media sentiment extracted by Alexandria Technology, Social Market Analytics, StockPulse, News Quantified and Brain.  Also featured are Prattle’s central bank and equities sentiment scores, Chinese sentiment data (extracted from Mandarin) from Blue Fire AI and crowd-sourced earnings estimates from Estimize.

Other alternative data on the platform includes patent data from Yewno, oil storage data from Genscape and private aircraft monitoring from JetTrack.  MasterCard is adding aggregated consumer spending indices derived from its transaction data, but is holding back the transaction data itself, for now.

Not all the data featured on the platform is derived from big data, so strictly speaking would not qualify as alternative data.  Examples include dividend forecasts from Woodseer Global, earnings revisions from Mill Street Research, cash flow estimates from Libra, private company financial data from PrivCo, equities ratings from Kavout, Arialytics and IHS Markit.  However, all are potentially of interest to quantitative investors.

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