London-based banking technology vendor Bita Plus has launched its Bita Strategy Simulator product, a new backtesting module to support equity market research.
Bita Plus says the package enables fund managers to model and test their investment strategies against the dynamics of equity markets over the last twenty years.
The backtesting module supports many types of investment strategy, whether based on styles, industries, countries or stock selection. The most important 'real-world' factors are always included within the strategy test, such as transaction costs, the effects of changes to the benchmark, mergers, de-mergers and acquisitions, says the company.
Users will be able to set up their own strategy models, run them over many different time periods, and then interrogate the results to discover the sources of risk and return at global, country, industry and style level.